Kujo_Qtaro

UVXY - Additional Explanation to VIX

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AMEX:UVXY   ProShares Trust Ultra VIX Short Term Futures ETF

In addition to my VIX analysis, I believe it's important to notice the UVXY as well. FINALLY a rebound to the previous support level! I perceive that as a minor bullish sign at this moment, but there is more to watch.

The triangle is quite obvious, as I believe huge breakout/resistance shall arrive. No exact position shall be determined unless a clear trend is shown. But, at this moment I am seeing bullish signs for UVXY, and I would recommend clear out when it hits the resistance level.

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