UVXY July 8 calls from yesterday, I'm not seeing much upward momentum and would rather not give up this gift.
2 min intraday negative divergence has me a bit cautious about a little gap filling in the market averages or some consolidation, neither of which will help this position in the near term. These are July Calls, if I had August I might wait them out.
The 5 min-this is just the intraday divergence, the longer term chart looks fine.
Ultimately the VXX/UVXY ETFs should have quite a bit more upside in them, just on a short term basis and with July calls, I'd rather take that quick profit.
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