Will Wong

UVXY-HnS Pattern with Neckline just broken.

AMEX:UVXY   PROSHARES ULTRA VIX SHORT-TERM FUTURES ETF
41 2 1
Target $13.63. Could mean record highs for all the indices this year. I had recently published a chart for the DOW showing a Bull Flag with a target of 19,100. You can do the same for the SPX             too.
does this thesis still hold true if UVXY spikes this week with the Greece + Ukraine worries? i.e. once this short term volatility fades do you still see a movement towards $15 continuing .. or does the whole charting aspect of this prediction run amuck? tks
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Will Wong Fairview
I think since this was posted 20 days ago, the indices did achieve new highs. Vix is starting to spike again due to good job numbers last Friday. So let's see what happen this week. I am betting Vix will rise but I could be wrong.
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