Mid-session Wednesday and the market is showing all the signs of reversing down out of its reversal windows. Coincidentally, UVXY looks to be close to a major year long breakout to the upside. UVXY - Above $17-18 we will want be Long calls one way (Jun 17th) or another (Jul 15th - see table below) IYR - Still the easiest trade of the summer, looking for 5X return sandwiched between three holiday weekends: Memorial Day, July 4th and Labor Day. Bitcoin - Inability to stay above $30K is not good, not good for BTC, nor for NASDAQ, nor for Real Estate, Oil, Geopolitics, nor the NBA. Details to follow.
