Is a mega downtrend starting for UJ?

There could be a significant downtrend forming. $DXY $GLD $GDX $GDXJ $SPY $VXX

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Breakout out of months like high sloped pitchfork

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Brutal

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I suspect the final leg up here was broken today on the tight linear regression channel shown.

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The flash crash of 300 pips this week is only the beginning. This is why this trade is a longer term weekly trade.... we are on borrowed time for UJ and I expect an eventual steady selloff down.