VIX traders…
Unable to post charts…UVXY has descended 5 layers from the top. Also, Note the WMR% 100 IS STAYING ABOVE 50 and bouncing up; this is a sign of strength for UVXY. I would be very careful with any counter trend trades at the moment. The bears have the ball and are in control.
Agreed
Also UVXY is bouncing off 50 SMA. Did the same 29.53 and never looked back.