UVXY is a leveraged Volatility ETF or more accurately "Short Term VIX Futures".
The pullback right as I decided to play the volatility side was perfect as UVXY filled the gap, something I was hoping for last night in early trade, an entry.
As for the charts, remember this is only a short term trade, essentially playing the pullback...
UVXY 1 min leading positive after a relative positive divergence.
UVXY 2 min leading positive, essentially te same as above, but showing migration of the divergence.
And the divergence positive out to the 10 min mark, like the market negative divergences negative to the 10 min mark.
Now the SPY has filled the gap and QQQ just about did, hopefully the DIA and IWM follow with some weakness, that should help UVXY or VXX longs gain some traction.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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