Friday, February 15, 2019

UVXY - VIX at trendline!

UVXY has cooled off from the December target.

Price looks attractive for a pop with VIX at trendline support and SPX approaching overbought.  UVXY pop into month-end probable.

Daily Chart

VIX at trendline, ready to pop!

Daily Chart

Monday, February 11, 2019

SVXY = Drop into Month-End

SVXY is finding a little support at the midfork, but a drop looks likely into month-end February.

As is typical in a V-bottom the fast gains come early, and then slow.  The rally is probably approximately two thirds complete with one third left in price.  However, in time the rally may be only halfway.

Daily Chart