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cerealpatterns

our favorite vix derivative is doing its thing

Short
ProShares Trust Ultra VIX Short Term Futures ETF (AMEX:UVXY)  
cerealpatterns Updated   
AMEX:UVXY   ProShares Trust Ultra VIX Short Term Futures ETF
Trend Analysis Chart Patterns Technical Indicators simplepatterns VIX CBOE Volatility Index index ETF Bearish Patterns
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trendanalysis chartpattern indicator simplepatterns vix index etf bearish
whenever uvxy pops like this in a downtrend its natural to assume it will return to the bottom. except for a collapse in spx i doubt were going over recent highs in uvxy. probably end up below 4.90 again soon.
Comment:
we could still close the gap from yesterday, but i would still lean short on this
Comment:
were right on the cusp of the break:
snapshot
keep in mind 98% its a bear break, but never discount that 2% chance because it will tripple, quintouple or octouple... targeting gap close as well as $5.01, $4.98, $4.92
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