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cerealpatterns

did we just start a huge move in vix?

Long
ProShares Trust Ultra VIX Short Term Futures ETF (AMEX:UVXY)  
cerealpatterns  
AMEX:UVXY   ProShares Trust Ultra VIX Short Term Futures ETF
Trend Analysis Chart Patterns Technical Indicators VIX CBOE Volatility Index index ETF Bullish Patterns bearmarket broadermarket leverage
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trendanalysis chartpattern indicator vix index etf bullish bearmarket broadermarket leverage
uvxy is in full breakout mode. if indices keep hitting new week lows we will probably see new 12 month lows. a good indication of this is a lot of 52 week lows hitting in stocks, and defensive sectors rotating out (UTSL staying green but hitting resistance/visiting 4hr lows), while $tick goes negative. vix has been coiled for this move for a long time, and it looks like its going to monthly highs. my guess is over $9!

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