ProShares Trust Ultra VIX Short Term Futures ETFArca
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We seem to be making a bottoming formation and within this I see a janky head and shoulders pattern. I think we are slightly over bought on lower time frames but we could move higher and the key to that here is volatility. NFA, DYOR
It is looking ready to pump. I am watching the MA 100/50 cross. This is the first time this has been bullish since COVID spike. If it doesn't cross below UVXY could be very rewarding.
ChartProphet
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@peterbhc, I like the chart! I think getting a bigger position might be in order for me before the inflation numbers come out.
peterbhc
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@ChartProphet, I am definitely watching this one too
It is looking ready to pump. I am watching the MA 100/50 cross. This is the first time this has been bullish since COVID spike. If it doesn't cross below UVXY could be very rewarding.