ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[risk on]

This is either really bad or really good for VIX. A few have pointed out the dividend day playing a part, but that is piss for reasoning, because I've NEVER seen anything like this.

Here's the sneaky logic that it may be good for VIX, because oscillator tech indicators on SP are sizzled Over Bought ( OB ) and nothing keeps going without a cooling of the motor. I'm thinking the VIX being red whilest SP red could be a MAJOR F job for the BTD ( buy the dip ) crowd on SP 500, and VIX being low entices them that all is well, then the boom drops.

That said, common sense says go long in SP because it's opened on S and VIX is red, but since when does common sense have anything to do w markets ??