UVXY

indicators support upward movement
-BULLish increase volume
-BULLish STOCH
-BULLish RSI
-BULLish MACD
-BULL MACD Cross

03/23/2018
- look for short term pullback (south) as market takes a breath from a large red day yesterday, and volatility decreases
- Impulse, reaction, continuation

ELLIOT WAVE
Not a perfect match but seems like a wave 4 complex correction, we'll see- my tracking/education only