UVXY bumping upward
...to follow my last week comment,
again, printed a new low this morning with higher RSI... on the Daily
but this time, what makes it special, we have a higher UVXY with a higher SPX ...
like the precrash behavior we had in january for a few days before the big slump... the VIX been heading higher with a SPX heading higher.... for a few days, and then KABOOM!
We'll know soon!
...even if the VIX shows numerous failures on technicals and patterns, this one smell good!
again, printed a new low this morning with higher RSI... on the Daily
but this time, what makes it special, we have a higher UVXY with a higher SPX ...
like the precrash behavior we had in january for a few days before the big slump... the VIX been heading higher with a SPX heading higher.... for a few days, and then KABOOM!
We'll know soon!
...even if the VIX shows numerous failures on technicals and patterns, this one smell good!
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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.