vix is a black cloud over the heads of spx bounce longs. ahead of any upward move in funds like xlf, xle, spy, qqq resistance, if a breakout in uvxy starts i would look for a major run up to fib fan and trend extend highs.
Note
once we get down to the breakdown, and we will, were ending up low 66/HIGH $5 its possible that we see over $9 first
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