Friday, July 17, 2015

VXX / UVXY @ New Leading Highs

I already posted actual VIX futures and strong positive divergence there so someone is buying a lot of downside protection. I felt comfortable with additional or full size UVXY long this morning, but since then it has only added more to it's leading upside divergence (accumulation).

Compared to the last bounce off the 150-day this area's divergence is much larger.

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