This VIX chart is just getting going, but we are waiting for a confirmation move in UVXY, a spike up over $8.00 will do it, whether a gap on overnight news, or just the market entering its third wave down in earnest. The potential is for UVXY to run well up into triple digit percentage over the course of several weeks. That is an option trading opportunity that only comes once or twice a year, if that, and we don't want to miss it. Being a day late is OK, missing it for any reason is not. VIX - Intermediate Term Trend Trading Model Included in this VIX Daily Trend Model is a trade-trigger line, blue for Buys and Red for Sells. VIX is one bullish day away from triggering a Buy Signal on this model. We will use this signal, or the breakout on UVXY, to add new UVXY calls. UVXY Buy Signal on Close Above $8.00 Option: UVXY Jan 20th $8C (0.99-1.04) Minimum Targets: UVXY >$12; $8C > 4 Stop: None* *High Risk - Ultra High Reward
