recent Zig-Zag area could mean a UVXY bottoming & long awaited spike might be happening
recent enormous volume levels for UVXY (biggest since March 2020 drop) - watch volume profile at 20 - lot of hedging in there
SPX reaching ATH in very explosive move with lack of volume
the possible spike could have many targets - once 20+ is broken - 45 level and beyond could be a reality (possibly 800+ if big SPX bear is in place for next months)
Not
first spike done, let's see about the second spike possibility
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