ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[Candlestick_Ninja]

In this VIX and #UVXY #UVIX update, we're closely monitoring the VIX as it stages a rise towards $19.50, nearing one of our key trend line resistance levels. With an 80% probability, this could serve as our short-term top, possibly forming a diamond pattern. Stay tuned as we discuss the potential implications and our bearish outlook for the VIX, targeting a retreat back down to the 12 to 16 range.

#VIXUpdate #TrendLineResistance #ShortTermTop #MarketAnalysis #CandlestickNinja

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