On Jan 2, UVXY and VIX were trading at the same value, 9.15, today there is 20% missing on UVXY value... where is t? I feel more rubbed than misunderstanding
a buying opportunity will soon come.. selloff not over yet, China is obviously cooking something just to get your attention on this one,
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...
Yesterday, at $11, UVXY SHOWED a price and RSI divergence on daily trendline... yet, another shortsqueeze brewing!