[UVXY] UVXY Not Impressed: Calling BS on This LIMP Rally!
UVXY barely shifted down despite a massive rally, it is calling BS on the SPX and suggesting increased volatility next week.
It was rejected by the Value Range channel (light blue) and closed right on top of the local downchannel (yellow). The convergence of these two should make for a pretty strong support into next week.
I widened the target sell window too, will necessarily be shooting for the backhalf now but a peak early to mid Oct still inline with expectations.
It was rejected by the Value Range channel (light blue) and closed right on top of the local downchannel (yellow). The convergence of these two should make for a pretty strong support into next week.
I widened the target sell window too, will necessarily be shooting for the backhalf now but a peak early to mid Oct still inline with expectations.
Data analyst with a passion for best fit lines B)
