The world according to $UVXY

The chart below says it all.

The bid is at 25.  For the past year, that has been the level that has reaped enormous rewards for swing traders.  And now the 3x-leveraged ETF is once again heading there.

It will not surprise me if the market rally from February 12th ends on UVXY 25.

(right click on the chart for a larger view)

UVXY_2016-03-14_1206

 

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