$VXX $SPY $QQQ -- $UVXY - Daily Chart
At lower BB on daily and broke below the 2.272 fib extension. Also, see bullish divergences setting up since April. Record volume at extremes indicative of capitulation, then declining volume over the next six sessions and below average.
UVXY avg daily vol %> SPY avg daily vol % for over a month. Nothing more dangerous than complacency. Looks like put support at $9-$10 and this is setting up for a BIG move. Lots of gaps open above and call buyers placing bets into end of 2017.
I think volatility is coming back in an big way and will make for gigantic swings up and down. I am long VOLA via VXX calls and UVXY common.
UVXY avg daily vol %> SPY avg daily vol % for over a month. Nothing more dangerous than complacency. Looks like put support at $9-$10 and this is setting up for a BIG move. Lots of gaps open above and call buyers placing bets into end of 2017.
I think volatility is coming back in an big way and will make for gigantic swings up and down. I am long VOLA via VXX calls and UVXY common.