This is either going to break and fall well below 5.90 or shoot up possibly green in the afternoon. Given market price levels I'm betting on the second.
When will people realize that the UVXY charts don't have support or resistance. Very dangerous to trade that way in UVXY. The contango make the UVXY chart useless.
what bottom?????? UVXY doesn't have bottom...It can only exponentially decay to infinity, thats all......
Then, reverse split. Then, it comes down again. This cycle keeps repeating until the government eventually comes in to stop this SCAM. Do not fall in this trap to long this junk ETF.
no such thing. only double tops and bottoms...plus, this is not a stock, so it doesn't follow chart rules.
Sentiment: Strong Sell
That is the options it has to do - it never formed a horizontal line for its entire life.
I agree that uvxy will probably go either up or down, maybe.
I hope your prediction is correct. However, I am running out of bullets. No more buying.
it's like you're in the movie "the deer hunter"...except your gun has 5 bullets in it when you play the game!
Sometimes you have to remove your bullets and reload later.
The only way one loses is they Sell so whats the big thing here volume has dried up and now just holding at 5.90!! Grow some Dudes$$$$