did we just start a huge move in vix?
uvxy is in full breakout mode. if indices keep hitting new week lows we will probably see new 12 month lows. a good indication of this is a lot of 52 week lows hitting in stocks, and defensive sectors rotating out (UTSL staying green but hitting resistance/visiting 4hr lows), while TTICK goes negative. vix has been coiled for this move for a long time, and it looks like its going to monthly highs. my guess is over $9!
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