Markets rallying to ATH has VIX/VXX/UVXY at highly oversold levels. If the trend from the last month or so holds, then UVXY is right in the buy zone on the 2h. I can't say it won't sink lower, but this region for the last month has been prime for support.
Komentar:
Mondya morning 8:40am. Sitting on the bottom of my buy zone box. Lets see if it holds or it drops down to the green support trend line.
Komentar:
After a promising start to the day, UVXY has taken a dive most of the afternoon is down below the $10 level that it has to this point been strong support. Thank goodness for stop limits.
Note that these charts have extended trading hours enabled for the 2h
1h day trading