It's testing the lows of Dec and Jan around 16.50. In both cases it bounced back above $19 within 5 trading days. In Oct when it hit the low of $15.49 it was back above $19 in 3 weeks. In all cases, the stock moved back up from the lows very quickly.
I'm holding. DJ, Naz and S&P all closed near the low and the chart is showing more downside tomorrow. My guess is that UVXY gets a green day tomorrow to build on todays bounce.
so why is this thing sitting at $27.60 in the AH?? shouldn't people be dumping the snot out of this?
prob some luck! i had a feeling based on the charts that this was due for a bounce. might ride a short on this tomorrow based on the EU/ Asian markets tonight.