VIX should be the tell what market does next
Updated
UVXY been consolidating in to pennant pattern or it might also look like a bull flag. if this breaks out to the upside, there's more downside coming for the indices. usually VIX tends to breakdown after these major spikes. lets see if this turns in to another pull back or something more serious
Comment
probably to everyone's surprise VIX broke out to the upside and resumes its uptrendComment
UVXY finally broke its trendline. trying to short some with a stop above Friday's high (~61.5)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.