UVXY Volatility Index ETF
UVXY as shown in the 15 minute chart is slightly above the basis line on the Bollinger Bands
as shown also on the BB indicator or Luxalgo. Price is slightly below the mean VWAP of the
anchored VWAP situated in the fair value area as also confirmed by the volume profile and
its POC line confluent with the VWAP bands. Given impending federal data reports and news,
I expect volatility will rise. UVXY could have positive price action in the range of 10% in
tomorrow's trading day which can be day traded or scalped.
as shown also on the BB indicator or Luxalgo. Price is slightly below the mean VWAP of the
anchored VWAP situated in the fair value area as also confirmed by the volume profile and
its POC line confluent with the VWAP bands. Given impending federal data reports and news,
I expect volatility will rise. UVXY could have positive price action in the range of 10% in
tomorrow's trading day which can be day traded or scalped.
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