Time for a Pop?
If you are bearish the overall market and looking for an easy way to gain from a potential market correction, the UVXY could be in a great position to help you do so. Looking left on the chart I've identified a profit target using the 60 RSI level (the trend continues the further back you look as well, showing that the 60 RSI is usually about the top dollar you will get out of this instrument moving to the upside). I've bought into this position at the 5.05 mark and am holding for the next couple of months in expectation of it moving into that area. Best of luck.
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