Am I too cautious, or are others too optimistic?
$ProShares Ultra VIX Short-Term Futures ETF (UVXY.US)$ The pressure of 7 dollars is still quite high, and all major indices (except for QQQ) are experiencing short-term oversold conditions. I always feel like there should be a pullback in the next two weeks. I've already taken profits near 7 dollars, leaving only one layer of position in case I'm wrong! But I really feel it may pull back to 5.5, and if lucky, it may even pull back to 5.0...
The above is just a forecast of the trend for the next two weeks. In the medium to long term, I am bearish on the S&P, at least to 3300.
The above is just a forecast of the trend for the next two weeks. In the medium to long term, I am bearish on the S&P, at least to 3300.
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