Europe jumped after the -non event- french vote and so do futures. Two weeks ago I posted that this $UVXY
runup was dumb money betting on a black swan. That was clear from F1-F2 price difference compared to the longer term futures. Anyway this morning the party is over as UVXY is down -18% already in premarket. According to my post from last week, I really do believe that this is a very bullish enviroment and that we are leaving this 15 year old secular bear market behind.