overbought vix (UVXY)

i wouldnt want to be holding this thing long right now. were at 84 rsi hourly and a pullback from these levels seems like its in the works.
mid to high 15s is the target. even if we gap up and blast to the upside, i dont think were really in hot water unless spx breaks to new lows, and it doesnt seem like thats going to happen.

Trade closed manually:

i think its prudent to cover here. idk what overnight will look like.

Comment:

if were not back above the top of the range around 17 were probably headed back for low 14s