VXX and UVXY are short term VIX Futures ETFs, I have some open positions in UVXY, I intend to continue to hold them.
Here's a look at the intraday and the much more important trend on the 15 min chart.
UVXY going positive intraday yesterday as the market was going negative on this 3 min chart as they trade nearly inversely to each other. There's a negative divergence on the open in UVXY and a leading positive divergence since then the rest of the day.
The 15 min trend saw a negative divergence on last Thursday (remember it trades the opposite of the market), then a strong relative positive divergence at the white arrow and an even stronger leading positive divergence at the box which is making a new high for this chart.
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