Replies to post #12202 on ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[Montanore]

Yeah, I agree with your thinking on this. Tomorrow will be an up day for sure (but not for UVXY, of course).

[0210]

fwiw..."The current condition for UVXY is strong. The positive condition of the underlying indicators should keep the current uptrend in tact. The stock should continue to be a market leader. The stock has outperformed the market over the last 50 trading days when compared to the S&P 500. MACD-LT, an intermediate-term trend indicator, is bullish at this time. Chart formation indicates a strong rising trend. Upside momentum, as measured by the 9-day RSI indicator is positive but is beginning to slow. Over the last 50 trading sessions, there has been more volume on up days than on down days indicating that UVXY is under accumulation, which is a bullish condition. The stock is trading above a rising 50-day moving average. This validates the strong technical condition for UVXY..."

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