ProShares Trust Ultra VIX Short Term Futures ETFArca
Description
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Good (middle of the night) to you!
I am exploring this massive structural divergence between the RSI Indicator and the UVXY.
Generally, these divergent patterns signal a reversal… and this is on a long enough range that it is implying a reversal from the bull rally of the SPX, which would result in a a bearish continuation pattern for the SPX.