Replies to post #7668 on ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[NewB14]

With VIX F1 contango over 17%, can we draw any conclusions on an imminent rebound of UVXY? Contango hasn't been this high in the last two years of data I checked.

Or since UVXY is in the teens again, is it more likely headed for a R/S?