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Is UVXY About to Blow Up?

Long
ProShares Trust Ultra VIX Short Term Futures ETF (AMEX:UVXY)  
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AMEX:UVXY   ProShares Trust Ultra VIX Short Term Futures ETF
Trend Analysis Chart Patterns Technical Indicators UVXY SPDR S&P 500 ETF (SPY) SPX (S&P 500 Index) S&P 500 (SPX500) VIX CBOE Volatility Index IWM QQQ DXY US10Y
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trendanalysis chartpattern indicator uvxy spy spx spx500 vix iwm qqq dxy us10y
UVXY is testing critical support as we speak. We're approaching oversold levels on the hourly time frame, and coming off oversold levels on the daily. The US Majors are overbought across the longer time frames, and sitting at their ATH's. Hmm. Double up, or triple up?

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