UVXY - V Bottom

There is strong probability that UVXY has formed a V bottom.

Expect UVXY to rise the same way it came down.  UVXY can be up every day next as it rises towards to the red line as shown.

15min Chart

30min Chart

SPX - Weekly Losses

SPX advanced with three weekly bars, but last week it gave a bearish signal when we look at the last bar.  The bar was the weakest, and closed Friday down with an inside day.

This week, SPX will probably drop to erase last week's gains, and test gap support as shown.

60min Chart

SVXY - Leg Down Soon

SVXY declined off resistance after failing on a test of the September 2018 high.

It is clear that SVXY is leading lower.  SVXY is making a bounce, but likely close to an inflection point once again.  Resistance is just above with a confluence of support showing at $46.

Volatility to spike soon.

Daily

Before: July 3rd Analysis

Daily