ProShares Trust Ultra VIX Short Term Futures ETFArca
Deskripsi
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Signs of an incoming swing upwards. Move index showing signs of a big volatility spike. UVXY money flow showing money is piling into the hedge as they did back in February 2020. SPY CMF showing the big money has exited (not shown on this chart). Bullish divergence marked on the charts RSI and CMF. Higher lows on Thursday and Friday. Wednesday would have been the same if it weren't for the Powell Pump in the afternoon.
Not investment advice. I am not an expert. Good luck to all!
Komentar
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Is this the start of a bigger move for the VIX and UVXY?
been long for 3 weeks scaling in since 8.44, held at the bounce towards 10.40 resistance, been buying a few grand twice a week down to 6.66 (support doesn't get much lower than that, sure we're at an overshoot today) but check my other charts on SP500, NDX/SPX ratio graph, and vix, agree 100% about to see a rise, it could be 50 to 85 low to high rise before peaking as the sp500 will hit a floor of 3500, but then i think we get one more fakeout rally from may towards end of year before bubble bursts into big correction which the rises then in the VIX will eclipse anything previous to it.
@Addicted2vtec, your timing seems to have been spot on, i truly think this runup in UVXY is not going to be another fakeout, multiple analyses, timeframes, and independent comparisons (you included) confirm a probable pattern bottom completion and also top in SP500, will see once above 8 ill be more confident
Addicted2vtec
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@candlestickninja, If the VIX moves to 40-50 range like I think it could, there would be a very nice payday for UVXY longs
yury63
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@Addicted2vtec, yes, of course, for me it would be an ideal solution at an average price of $24.25