- Rank: 34
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- Votes: 492
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- Last Update: 6 April 2020, 5:27
It looks like UVXY is about to take the L today. I thought that the Slow Sto might finally beat the trigger line, but the MACD got rejected and is about to head below 0. I have seen that any stocks getting rejected and going below 0 on the MACD get bashed. This was the basis for my call to short oil before and we see how ferocious the oil decline was. It appears the same thing is about to happen to volatility as well.
I would definitely be on the long side of things this next week.
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