“In the World of $UVXY, wedgies rule”

UPDATE (11/30/21) — DURING THE DAY

Yesterday: “And there is a good chance it will climb a bit higher as soon as the current over-sold market bounce wears off.”

Today: UVXY is back up to 28% at the moment.

(The white flag on the right axis shows the dollars/percentage gain for each $10K traded.)

UPDATE (11/26/21) —AT THE CLOSE

UVXY broke out of its latest falling wedge on 11/17, making it a buy for the open of 11/18, six trading days ago.

It is up 36% today.

See the white flat on the right axis on the chart below for the dollars/percentage gain per each $10K in play.

Always a good read on what is happening or what is about to happen in the general market, it is great for swing trading.

On this swing it had the all-important NYSI falling to confirm there was a good chance the swing trade would have a fast flash profit.

UPDATE (11/16/21) — DURING THE DAY

Back on wedgie watch.