Approaching S2 on daily and at the lower bb. We've seen massive selling into new lows w/ ~1.5x volume
has been crush compared to VIX
. I included the VIX
for comparison (the orange line).
I think a reasonable target for UVXY
is $37-$38 area in the not to distant future.
only down 8% while UVXY
down -75.89% since Nov..
Noteworthy: OPEN GAP AT $52.96