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austriancapitaltheory

$VIXY Head and Shoulders Bottom?

Long
ProShares Trust VIX Short-Term Futures ETF (BATS:VIXY)  
austriancapitaltheory  
BATS:VIXY   ProShares Trust VIX Short-Term Futures ETF
Chart Patterns Head and Shoulders
2
0
chartpattern headandshoulders
The measured move from the head to the neck line projects future price action if this H&S patterns holds true. VIXY has strong technical potential to rally another 25%. Let’s not forget the S&P closed below its 200D MA on Friday.
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