Next week, the cycle analysis is extremely negative centered around June 29th. A continuation of the drop next week is anticipated.
The bottom is likely in place for UVXY. It should see a minor dip today at some point, but it may not dip as well on Monday as SPX bounces. Therefore, a minor low could be in place today with a higher low on Monday.
Today and Monday may be described as a choppy or sideways zone.
This is important. Once it starts moving higher early next week, from the patterns, there will be HARDLY ANY DIPS on the way up!