further decay in (uvxy)

getting to an area where longs from this morning are breaking even and shorts in broader markets will be squeezed
provided we dont break to new highs in uvxy this is an interesting area to topfish
target for short 11.65

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take some

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could be a reshort if we set a lower high under 12 and loose the 5 minute uptrend

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if you took a second short take some profit here

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take most short off the table just leaving some to run in case thats our day high

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if we dont break 12.04 there could be another topfishing play in there

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if you reshorted near the top of the last 30 mins its smart to cover here