Wednesday, May 25, 2016

SPX 3 OR 5 day forecast

SPX When I posted my Contagion chart--see previous post... 2 days ago, SPX was sitting on the yellow line...I knew there was a chance for an up bounce of 2% or 2090's, before any move down, could come next. So, I only bought a quarter position UVXY in the 13's, then bought another quarter more UVXY today in the 11's. Currently, I'd estimate, ( been doing this type of trade over and over) The trade has a 70% to 85% chance of working within the next couple of days, ( looking for a move of 10% or greater within 5 days.

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