Rising megaphone pattern, It is at buy time now 1-21-21. Buy and hold long term
URG is a uranium energy company, new legislation will push it higher. The demand for electricity will only grow and the new nuclear plat designs will enable the US to increase usage.
Support held and DXY is above the resistance line, look for a break out big time soon. That means there will be a big sell off in the stock markets.
DXY held at the support line and is in the battle zone, shorts beat it down on rise and bulls buy at bottom. Only a matter of time for the break to the upside and short squeeze. What the catalyst will be?
Monday should be interesting, when all traders are back and the momentum well take the markets down.
The bull flag above the resistance line is bullish and if it is successful there will be a sell off in the markets and VIX will rise and so will UVXY.
Every time the support line has been tested there was a bounce to the up side. We hit a major support level and too many shorts will create a squeeze soon.
We have just seen 3 hammers on VIX. This could mean a rise in VIX within days.
The descending wedge is bullish and the coming to an end. This along with an over bought S&P and a 3 hammers showing on the daily charts indicates to me that as early as next week to the end of December we will see a major break to the upside.
UVXY is Range bound even though the S & P continues to rise. This shows accumulation of shares and or short covering at the lows. This is a bullish sign when the S & P is so over bought. Sooner or later there will be a correction and UVXY should explode to the upside. The number of days between up moves is near the average count for a move up, the buying as the S...
CUP AND HANDLE ON UVXY, UP ON A DAY WHEN S $ P WAS UP. LOOK FOR A MOVE LOWER IN THE MARKETS.
Second Hammer, vix is up with s&p up, Watch for market selloff very soon. I am Long UVXY