TRADE IDEA: UVXY (LONG)

After having gone through the futures charts for S&P, Russell 2000, NASDAQ-100, Dow 30, VIX, $USDX, Euro, Yen, Crude, Gold, 30 Year Treasuries and 5 and 10 year Treasury futures, I feel stronger than ever that we are in the middle of the reversal process. There are a number of positions that I'll be looking at, but the first will be about a 3/4 normal size UVXY long position leaving some room for a potential head fake/stop run under the $31.25 level. If we get such a head fake move that is confirmed as I'm fairly certain it would be, the other 25% of what would otherwise be a full position size will go to VXX calls.

I'll of course be setting price alerts for any such move.