Technical Analysis: UVXY& .SPX

MasterWU
11-01

Hello everyone! Today i want to share some technical analysis with you!

1.

$ProShares Ultra VIX Short-Term Futures ETF(UVXY)$ made a choice:

(1) see previous tweet, I marked 10/31 as the last date that UVXY has to made a choice;

(2) it did. UP! This breakout is only the first step of a MAJOR CORRECTION phase.

(3) if you are familiar with EWT, this ongoing slump is same degree of 2022 correction.

2.

Now, as promised, by the end of October, I will revisit the heat-map of SPX 500--to see the final scoreboard for the major stocks. The color is mixed, as opposed to the glaring green from wall to wall in mid-October (see the previous tweet).

3.

Now, $.SPX(.SPX)$ 's monthly candle color turns RED--esp. the long-wick doji at this juncture looks toppy. Careful here: THIS IS MONTHLY CANDLE and a red doji carries more weight and significance.

Follow me to learn more about analysis!!

AI Companies and Industry DIG
AI is a marathon, not a sprint, it's a mega trend. Please share you Insights or comments on companies or technologies of AI industry.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment
7