The Megaphone Warning has sounded.
Attention, all traders beware of the Dow Megaphone pattern. Bottom line I am calling a market correction today.
We traded UVXY today as the fear comes into the markets.

Now today October 1, 2019 the tides are changing and I can hear the Megaphone being turned on. The Dow is now 26,700 and sliding lower, but in a very orderly fashion for now. But beware as I said...
Better watch out, better not cry, ProTrader Mike is going to tell you why...the Dow is about to take a crashing you know....it's the Megaphone Pattern! take a look at this chart and compare to the 2015 chart, almost exactly same with big gap to fill on the downside.


So what's the play? Long UVXY now at $27.00 and if the market drops volatility comes in and this stock flies high once again. The high of UVXY on 8/15/2019 was $39.67 so I would consider this a nice discount.
Dow Megaphone can you hear me?
Keep it profitable,
ProTrader Mike

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