UVXY: What's The Pattern Form?
Hello everyone! Today i want to share some technical analysis with you!
1.
Indeed, the volatility vanished with Trump's sweeping victory. $ProShares Ultra VIX Short-Term Futures ETF(UVXY)$ crashed to 22 pre-market, with SPX topped 5900 for the first time. Now, SPX is testing a long-time trendline dated back to year of 2000, the start of this century (roughly at SPX=5900-5920).
2.
MPW Mid-Week Update Posted: (1) this is an earthshaking day, both in the political arena and in the financial world.
(2) the fallout and end-result will take some time for the whole world to digest and fathom--incl. tmrw's FOMC.
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