Gotmar

VIX & UVXY to the moon, finally?

Long
Gotmar Updated   
AMEX:UVXY   ProShares Trust Ultra VIX Short Term Futures ETF
  • recent Zig-Zag area could mean a UVXY bottoming & long awaited spike might be happening
  • recent enormous volume levels for UVXY (biggest since March 2020 drop) - watch volume profile at 20 - lot of hedging in there
  • SPX reaching ATH in very explosive move with lack of volume
  • the possible spike could have many targets - once 20+ is broken - 45 level and beyond could be a reality (possibly 800+ if big SPX bear is in place for next months)
Comment:
first spike done, let's see about the second spike possibility
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