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cerealpatterns
Dec 28, 2022 5:09 PM

did we just start a huge move in vix? Long

ProShares Trust Ultra VIX Short Term Futures ETFArca

Description

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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