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cerealtrades
Jan 11, 2022 5:05 PM

crossroads for vix (uvxy) 

ProShares Trust Ultra VIX Short Term Futures ETFArca

Description

we have reached another crossroads for vix, and thus one of my favorite etfs: UVXY.
if we hold mid to high 11s the we could be up at mid 12s by friday
if we keep breaking to new lows today and tommorow then we could be back down in the low 11s by the middle of next week.

Trade closed: target reached

daily candlestick forming is almost always a death sentence for vix- out of long completely
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