$UVXY - Daily Chart
Approaching S2 on daily and at the lower bb. We've seen massive selling into new lows w/ ~1.5x volume. UVXY has been crush compared to VIX. I included the VIX for comparison (the orange line).
I think a reasonable target for UVXY is $37-$38 area in the not to distant future.
Vix only down 8% while UVXY down -75.89% since Nov..
Noteworthy: OPEN GAP AT $52.96
I think a reasonable target for UVXY is $37-$38 area in the not to distant future.
Vix only down 8% while UVXY down -75.89% since Nov..
Noteworthy: OPEN GAP AT $52.96
Related publications
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.
Related publications
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.