UVXY double bottom? Maybe
Updated
I hate to attempt to predict UVXY price action but the FED news was semi bearish, and Powell has COVID right after China had an outbreak a month ago. Is this deja vu of Jan 2020? If we can hold above this yellow line while the overall market goes side ways or tanks I think we can at least get a relief rally. If we get an unfortunate news via earnings or another black swan, this could be the bottom. Not financial advice, DYOR.
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