AMEX:UVXY   ProShares Trust Ultra VIX Short Term Futures ETF
SVXY has printed an outside down day and this usually marks the top in inverse vix. that means vix is in for a spike as weve seen begin today. normally indices make headway when vix is at the lows, but vix has been popping with indices failing resistance pointing toward a false breakout in broader markets. if we fly higher in UVXY breaking fridays high id imagine were in for mid 13s, and if we close beneath that first lower horizontal i think were in for mid 12s.

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