AMEX:UVXY ProShares Trust Ultra VIX Short Term Futures ETF
UVXY is demonstrating higher lows and higher highs. the current pullback is likely a bounce in SPX , but if that fades we should see new low in indices with a new daily high keeping UVXY trending up. if were stronger in indices overnight and tuesday we should form a lower high and roll over UVXY . upper or lower horizontals are price targets, and dashed line is . bottom or top of are areas to close. over all the trend in remains bull until we breech new lows in uvxy , setting a lower high and demonstrating bear momentum.