ProShares Trust Ultra VIX Short Term Futures ETFArca
Description
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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
Comment
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probably to everyone's surprise VIX broke out to the upside and resumes its uptrend
Comment
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UVXY finally broke its trendline. trying to short some with a stop above Friday's high (~61.5)