Glitch and other UVXY longers might get an out soon, with possible profit even! The last few pops have been about $8 lower from each other at peak. So fibs looking about $71 & $8.68@1.68. That could just be the start if things get rolling, but not likely at the moment.
It's concerning UVXY has dropped under $5 and no reverse split news. The flattening is indicating a pop, regardless of anything else. I have longs, including TQQQ, but this has been on the radar. Flattening under the bollinger band(cyan) is usually a decent indicator, but it hasn't popped in a long time. It's definitely due.
I was looking towards the eviction moratorium news for a signal, but it may start prior to June 30th if it seems certain to be the last extension. September should see a larger correction to indices, but it remains to be seen.
It's concerning UVXY has dropped under $5 and no reverse split news. The flattening is indicating a pop, regardless of anything else. I have longs, including TQQQ, but this has been on the radar. Flattening under the bollinger band(cyan) is usually a decent indicator, but it hasn't popped in a long time. It's definitely due.
I was looking towards the eviction moratorium news for a signal, but it may start prior to June 30th if it seems certain to be the last extension. September should see a larger correction to indices, but it remains to be seen.
Note
Closer lookNote
Another look, 1hrNote
It's important to note, in the up move last year... Most of the moves were in foreign markets, and PRE/AH price action was whipsaw. Only the very last day, and biggest move was on 3/18 when it went from ~90 to ~135. Note
It lost the same the next day, so you gotta be nimble in this trashy ETFNote
well hour really
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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.