Friday, August 3, 2012

UVXY Starting to migrate through timeframes

I'm really liking UVXY here and glad to have started a position there, I'm looking forward to an options position soon. Here's the charts for today, they are doing what I hoped to see.

 1 min leading positive intraday

 2 min leading positive

 3 min leading positive and note the flat trading range where accumulation and distribution most often occur.

5 min is now showing signs of migration of the leading positive divergence.

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