UVXY looks due for a pop
Glitch and other UVXY longers might get an out soon, with possible profit even! The last few pops have been about $8 lower from each other at peak. So fibs looking about $7@1 & $8.68@1.68. That could just be the start if things get rolling, but not likely at the moment.
It's concerning UVXY has dropped under $5 and no reverse split news. The flattening is indicating a pop, regardless of anything else. I have longs, including TQQQ, but this has been on the radar. Flattening under the bollinger band(cyan) is usually a decent indicator, but it hasn't popped in a long time. It's definitely due.
I was looking towards the eviction moratorium news for a signal, but it may start prior to June 30th if it seems certain to be the last extension. September should see a larger correction to indices, but it remains to be seen.
It's concerning UVXY has dropped under $5 and no reverse split news. The flattening is indicating a pop, regardless of anything else. I have longs, including TQQQ, but this has been on the radar. Flattening under the bollinger band(cyan) is usually a decent indicator, but it hasn't popped in a long time. It's definitely due.
I was looking towards the eviction moratorium news for a signal, but it may start prior to June 30th if it seems certain to be the last extension. September should see a larger correction to indices, but it remains to be seen.
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Closer look
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Another look, 1hr
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It's important to note, in the up move last year... Most of the moves were in foreign markets, and PRE/AH price action was whipsaw. Only the very last day, and biggest move was on 3/18 when it went from ~90 to ~135.
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It lost the same the next day, so you gotta be nimble in this trashy ETF
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well hour really