Remember UVXY trades in the opposite direction of the market (most of the time unless there's an extreme anomaly), so UVXY price moving down is usually happening as the market is moving up. Negative divergences in UVXY suggesting its price moves down is a positive indication for the market.
So here's the update, recall I said just minutes ago that the divergences that I care about for the moves we are set up for are all still in place, however as for the day trading...
1 min suggests at least a consolidation as we move toward the close and that is what is happening at last look.
2 min leading neg.
3 min leading neg.
5 min leading neg.
10 min leading neg.
If I wanted to hold UVXY short for a longer time (several days perhaps), I have enough signals here to justify that.
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