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BradfordFournier

Time To Sell the VIX : Powerline RSI

Short
ProShares Trust Ultra VIX Short Term Futures ETF (AMEX:UVXY)  
BradfordFournier Updated   
AMEX:UVXY   ProShares Trust Ultra VIX Short Term Futures ETF
Volatility Volume earlyexit
0
9
volatility volumestudies earlyexit
Powerline RSI is again signaling a strong overbought condition on VIX.

  • Powerline RSI is signaling moderate overbought condition
  • While there has been some correction downward, there is further pressure.
  • A short-term short (4-week-ish) would be warranted.
  • Compare condition now to the huge run up months ago.

Trade closed: target reached
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