you guessed it: overbought vix (UVXY)
this thing has pumped all day and is getting tired. UVXY is overbought on the 15 minute timeframe and is taking on the appearence of a pullback on the one minute where qqe is trying to punch in a short entry. could there be more to go bullishly? of course. why bother trying to squeeze more out of it long when you know lower prices soon are all but guaranteed?
high to mid 19s are a target.
high to mid 19s are a target.
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