VIXThink this move is more about market post the tech stocks earnings reports. I mentioned back late March be patient on Tvix, Uvxy until the tech earnings come out. Well here we are with a great Uvxy Tvix price bounce as freefall since Dec stalls out. Of course tariffs threat Sunday from Trump ignited the market stress awaiting the big China US deal.
I have taken my exit on UVXY which ran real hot first 90 minutes. With the deal possible the VIX simply will not move much higher unless on Friday tariffs are placed against China. That happens, plus 150%++ on Tvix.
I am just about to place a short trade on Tvix or Uvxy. So in a short, Uvxy $40.47, expect a slide back down. If deal announced will definitely be short for two weeks on VIX trade.
Glta Cheers Manxcan