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cerealpatterns

still in the pop, or back to the doldrums?

Short
ProShares Trust Ultra VIX Short Term Futures ETF (AMEX:UVXY)  
cerealpatterns Updated   
AMEX:UVXY   ProShares Trust Ultra VIX Short Term Futures ETF
Trend Analysis Chart Patterns Technical Indicators UVXY VIX CBOE Volatility Index leverage
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trendanalysis chartpattern indicator uvxy vix leverage
its clear that uvxy has stiff overgead resistance, but if that breaks we could see over $21 soon. prove the bear case and its moreso back to $16.
Trade closed: target reached:
back to all cash
Comment:
consider returning to a short pisition if we cant hold above low $17s
Trade closed: target reached:
back to all cash
Comment:
could head and shoulders real nasty and be a big sell target would be 16.50 or so
Trade closed: target reached:
all cash
Comment:
multiple sectirs are still green on the daily indicating mid $16 area should be retested

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