Entered GMCR 60.07 as we get bearish range expansion following uptrend.. If we get follow through tomorrow, I think this could drop to the 40s.
USE close of 9 hourly EMA to trail
Hourly --- bearish rang expansion pierced through consolidation area then did it again this morning.
VTAE: Fishhook breakout
Averaged into a 15.13 position as the 15 breakout held
added anotheto the position. Contango is now only (-3% still backwardization but this is the VXX short is the greatest trade.
If this were not a mean reverting instrument there is no way I would take this trade with the size I am now up to.