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mfournier3

UVXY daily, another RSI divergence in oversold territory

Long
ProShares Trust Ultra VIX Short Term Futures ETF (AMEX:UVXY)  
mfournier3  
AMEX:UVXY   ProShares Trust Ultra VIX Short Term Futures ETF
Technical Indicators Chart Patterns Trend Analysis UVXY
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indicator chartpattern trendanalysis uvxy
Early, last week I posted a RSI divergence, from $11, we promptly got a deadcat bounce to $13.78 the following day.
Since then, UVXY came back down violently with a new low at $10 an important support. This morning, in the $10+ area, it is completing another RSI divergence in oversold area...

Is this time for real?... hard to tell in a market where bad news still good news.
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