Time for a VIXY breakout?

Long

ProShares Trust VIX Short-Term Futures ETF (AMEX:VIXY)

Updated

AMEX:VIXY ProShares Trust VIX Short-Term Futures ETF

Chart Patterns Wedge

chartpattern wedgepattern

looks like it might be time for a breakout...

Comment:

Starting to look more like a break down. I was anticipating more scarron wall street due to trump's antics in DC, but the dems effectively taking the senate and the anticipation of additional stimulus and a more tempered government, has offset that. Factors left to spook the market include new covid strains. The RSI in the chart suggested another drop in the VIX, before break up, but given Trump has b3n put in check by congress, I'm uncertain.

Comment:

*scare on wall street
*been

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