$28.91 Support 1 Pivots Point Good signal
UVXY today 11% down, Fisrt SHORT signal in 54.56. Keep or opportunity to short again at 43.77. Other opportunity in 42.83 Confirmation of downtrend breaking $ 38
Waiting or break below trend and SPY 190 psychological level. Watching $UVXY $VXX $SPY $IWM $QQQ $XIV
Despite briefly dipping below 12, based on this chart interpretation the VIX is still poised for a rather large spike this summer. First trigger would be a move over ~14 then a push through major resistance ~19.50 - 20 would probably see a rapid ramp towards the low 30's. This would roughly correlate to a 20-30% correction in the SPX. Watch to see if the VIX can...