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VIX should be the tell what market does next

AMEX:UVXY   PROSHARES TRUST II ULTRA VIX SHT TRM FUTR ETF
UVXY been consolidating in to pennant pattern or it might also look like a bull flag . if this breaks out to the upside, there's more downside coming for the indices. usually VIX tends to breakdown after these major spikes. lets see if this turns in to another pull back or something more serious
Oct 25
Comment: probably to everyone's surprise VIX broke out to the upside and resumes its uptrend
Nov 03
Comment: UVXY finally broke its trendline. trying to short some with a stop above Friday's high (~61.5)

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