ProShares Trust Ultra VIX Short Term Futures ETFArca
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uvxy has seen a lot of choppy action for weeks but the trend has been upward. if we keep seeing TRAMA and VWMA rise together on the daily and double stochastics signal remains bullish we should end the week higher as long as spy stays under 400 holding mid 18s uvxy would indicate were due for a trip back up to high 19s
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if we see 15 minute continue to close under 18.89 and break mod 18s to the downside id imagine were headed for high 17s
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quad top will only break if hourly trama and vwma start rising together and trama crosses above vwma 4hr
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i gues shorts are covering 18.20s
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could be a ride back up to the upper 18s if we keep closing 15 minutes above 18.18