Publishing the daily chart of the SVXY to track the movement over the next few weeks.
As mentioned before this is a short-term, short-VIX etf. This has been one of the more profitable longs over the last few months as the vix has gone to its lowest points of 2023.
In my opinion where the short-vix products go, the markets follow.
Not picking which way it goes, but looking at the volume distribution the bulk of the volume is to the downside and it is due for a pullback in the near-term. But, considering this market, I wouldn't be surprised if this ups and rips, similar to May-June 2023. Stay tuned.
As mentioned before this is a short-term, short-VIX etf. This has been one of the more profitable longs over the last few months as the vix has gone to its lowest points of 2023.
In my opinion where the short-vix products go, the markets follow.
Not picking which way it goes, but looking at the volume distribution the bulk of the volume is to the downside and it is due for a pullback in the near-term. But, considering this market, I wouldn't be surprised if this ups and rips, similar to May-June 2023. Stay tuned.
