UVXY why is it down

the last 2 trades posted resulted in losses, so I took some time off
not terrible losses, but losses which reduced the enormous gains over the previous years

anyway, time for a new trade

short ES March 2353.25

first target 75 points downside
will roll over if needed

blackguard
 
Currently building massive and I mean HUGE short position. Basically tripling up here and looking for 30 pts down first....

Will evaluate when that target is reached but looking for 200 day moving avg to be hit...which is plus or minus 140 pts down

blackguard
 
new trade: will short March ES on the open Monday eve....2736 or around there.

target 175 pts to the downside...willing to hold 30 days..

blackguard
 
off to a good start...up around 20 pts
both the Main Trading System and Auxiliary System are pointing down

holding for max pts and doing it with the least trades....
possibly we are seeing a major top and the end of the Bull which started in 2009...

blackguard
 
2575 was reached (target bottom). the trade to make was to go long Sunday eve. Due to obligations I couldnt post that.

both the Main System and Auxiliary System read another 150 down so use this bounce and any bounce tomorrow to start a Short Position. holding short until further notice.

blackguard
 
any rallies like today should be used to open/ add to short positions

Main Trading System and Auxiliary system are showing us in the beginning stages of a Bear Market

ultimate low is maybe SPX 1700 and that will take a year to play out

blackguard
 
good spot to short 2720 area on June ES Contract...Main System and Auxiliary System both still show what was posted last time

so: short the rallies (like this one) until further notice.

blackguard
 
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