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Re: ckmseven788 post# 7375

Thursday, 02/25/2016 8:51:08 AM

Thursday, February 25, 2016 8:51:08 AM

Post# of 29818
I cringe when I listen to people talking about charts on uvxy. It does not have any support resistance or cup and handle magic moving rhythm. It is based on future vix contracts and resets. If there is anything you can use its S&P(only sharp moves will move vix) spot vix and contango or backwardation to calculate movement. otherwise when front 2 month futures go down this drops when they go up this rises.

keep in mind the vix is mean reverting .

1 dollar is better than no dollar