UVXY

ProShares Ultra VIX Short-Term Futures ETF 2x Shares

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-$11.40 -49.12%
$SPY Back to ATH?
Might be a punchy idea but I think $SPY goes back to ATH. It's forming an inverse head and shoulder pattern + the volume on the daily candle on Friday wasn't super unordinary. The volatility was higher due to a big jump in $UVXY + OPEX movements.

$SPY I anticipate this will follow the moves by the $QQQ. Last year, the NDX corrected but still ran to a new ATH before falling into bear market territory this year. I anticipate the $SPY will do the same before entering into bear market territory next year as a real threat of stagflation hits the market.
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