uvxy short volume uptickweve slightly gained in vix, and the ftz from top of short leads out to where uvxy should make its low sub $4...
if we examine the capitalcom vs finra we see that contango in vix is still coagulating around a major demand zone low into its decay. i still think split will be bullish for vix, but perhaps we clear the pop in fomc, and the loose steam is actually bullish in the long run i would still expect vix to lose weekly, as well as lose by the end of ftz.
Trade ideas
log short volume for uvxy reaching a zenith (UVXY_SH)as you can see the awesome oscillator for uvxy short volume is about to go negative. the last time this happened was the corona dip. when short sale volume plummets, a squeeze begins that sends uvxy flying. the logarithmic scale helps accentuate this divergent phenomenon. i expect this means we are headed for another leg down in indices. as we enter fibo time zone 13 uvxy short sale volume should be in for a radical shift.
