Thursday, April 25, 2013

UVXY Follow Up

Earlier today I put out a long position on UVXY, that position is now in the green.

The improvement in the 3C charts is so obvious, the charts need no annotation, if you can't recognize these positive 3C divergences, email me and I'll help you better understand the principal so you can apply it to other indicators and understand just how important charts like these are.

Being that VXX / UVXY trade nearly the mirror opposite of the SPX/SPY, the divergences should be nearly the mirror opposite too.

Here are the UVXY positive divergences, many made extreme moves to the upside today.

1 min

2 min

3 min

10 min

Even 30 min.

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