Replies to post #380186 on SPDR S&P 500 (SPY)

[imiloa]

looks like ~483 is still temp S for now
and ~484.25 is temp R.

re: UVXY, it's been a bit random, often sideways lately.
given VIX is calculated from 30-day SPY options,
maybe simply that 30-day traders are uncertain about where SPY will go,
esp amid ongoing risk of ww3 any random grim day?

and that uncertainty favors more strangle/straddle plays
than hedges against equity positions?