Closed Trade Alert: UVXY +29% - The Forecast

Closed Trade Alert: UVXY +29%

Closed Trade Alert: UVXY +29%

Closed Trade Alert: UVXY +29%

Trend line support is presently holding for SPX. We expect a bounce after today’s drop and further decline into July 21-23. The VIX may produce slightly higher highs later in the week, but we will elect to be cautious and harvest a respectable profit of 29%.