After today, this wedge is looking more like a BULLISH ascending wedge. The SPX is NOT giving us a bounce rally as expected earlier. The apex is coming to an end; thus, the VIX is getting ready to explode higher? We will not get confirmation until the dark black trend lines are breached…

spxuvxy

Needless to say, trading this UVXY has been difficult–another “drop and pop”…
Starting to get sell signals on indicators…
Added Slope 20 which is not as busy as Slope 7 to assist on UVXY…
Support continues to hold on SPX…