UXVY Potential Short Term Bounce

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ProShares Trust Ultra VIX Short Term Futures ETF (BATS:UVXY)

BATS:UVXY ProShares Trust Ultra VIX Short Term Futures ETF

trendanalysis chartpattern waveanalysis uvxy stocktrading reversal vix

Using the previous bounce back in September 1st and had a month of bullish trading, I believe that in the near short term there may be another bounce. The RSI is beginning to show signs of upward strength. Despite this, there is strong bearish pressure as of now. Keeping an eye on this pair.