if were going to hang out here below 20 and play with the idea of a recovery we run the serious risk of entertaining the inevitability of a second major wave in this corona island top/bear triangle. the new regime in volatility is either demanding we crush it, or we let it rip. we cant coil up like this forever. it might be super confusing, but ive laid out contingencies basically orbiting the general area targeting a breakout. i hope its not too dumbed down.
could uvxy for example relive recent exploits, or is it headed for 1:10 unit deletion ($50?) and then back to $5 (-90%?). this is the definition of an inflection point. all i know is theres a lot of units out there... they better start looking under rocks, in streams, up trees and in peoples underpants.
