UVXY daily, another RSI divergence in oversold territory
Early, last week I posted a RSI divergence, from $11, we promptly got a deadcat bounce to $13.78 the following day.
Since then, UVXY came back down violently with a new low at $10 an important support. This morning, in the $10+ area, it is completing another RSI divergence in oversold area...
Is this time for real?... hard to tell in a market where bad news still good news.
Since then, UVXY came back down violently with a new low at $10 an important support. This morning, in the $10+ area, it is completing another RSI divergence in oversold area...
Is this time for real?... hard to tell in a market where bad news still good news.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.