So far, the 1st support has been broken, what we could expect is to test the second support, I remember that uvxy tried to rally back a little bit two hours before the close on Friday, but it did not work out. Even thought we notice that the momentum of bull is on its way to decline, but big trend of market has not completely changed yet. Let see if uvxy is able...
Even though svxy is a little bit out of channel , but it is not touching the bottom line of the channel. Compared to other indicators, momentum has a nice beautiful upside divergence, stoch rsi crosses right upon the 20 line, which is a good sign. From the candle chart, one green candle stays at bottom and the right green one gets higher than the left red,which is...