$UVXY PT 17.81+ Market Correction

Feb 20, 2021

SPDR S&P 500 ETF TRUST (SPY) play, PROSHARES TRUST II (UVXY) is trading at an all-time low, and looks to be primed for a short-term position these upcoming weeks. With the SPY down multiple trading days in a row, with lower buying volume, and higher selling volume — we should expect to see an upcoming temporary market correction or dip. UVXY corresponds to one and one-half times (1.5x) the performance of the S&P 500 VIX Short-Term Futures Index for a single day.

Note: this is not an investment idea, just my opinion.