Replies to post #26070 on ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[tw0122]

Great chart comparison so it shows we are headed to 3200 next..

This is the final update for the week of the #sp500 in 2022 vs. 2008 pic.twitter.com/wNSkIOjCZz

— Michael J. Kramer (@MichaelMOTTCM) September 23, 2022

[AAAtrades]

Yea it seems like UVXY and VIX could really do a true MOONSHOT this time.

look at the WEEKLY price chart of 2008 price structure and 2022.

it basically saying next 4 weeks are going to be complete meltdown

2008 was bad, but there was no threat of nuclear war.

So the question is in terms of VIX and the markets, what causes more fear, war or economic data?

In this case we have both.

Also pull up a chart of the RSX ETF. Talk about a collapse... Yes that drop was due to Russia being the aggressor and then all the sanctions. But the USA is doing some quite heavy saber rattling itself right now and being aggressive with response threats.