Loading ...SPX/UVXY Update…
Bulls remain in control…
If 2019 is not breached a “bullish descending wedge” could transpire…
UVXY…
After Wednesdays SELL signal, all down hill…
2 hour 13/34 EMA cross was a “trap”; suspicious because upper trend line was NOT breached…
Might as well throw SVXY into the mix…
Market was oversold now bouncing. Might form a right shoulder going into options expiration in 2 weeks.
2075 target for the right shoulder…