ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[risk on]

Hmm, interesting candle today. No, it certainly didn’t make the 9 ema, and No, Spy looks to close above its 9 ema , but for UVXY to hold up this well with the SP onslaught and to actually be trying to form a decent bottom wick here is rather impressive ..

That said, techs would clearly say , “ so fng what ?! “ because, all techs say UVXY to the toilet, but something about these patterns we’ve seen before is really screaming out. More of a visceral gut feel here , but it’s definitely getting my attention.

I am a sucker for shiny objects though