The chart above shows how
UVXY burst higher after the
BUY signal which was issued on 04/22/2022. Since then the stock price displayed a relentless advance of 19.85%. The feverish bullish mood, however, seems to cool off by now. Our system tells us that it is now the right time to
SHORT this stock. The
BEARISH DARK CLOUD COVER pattern that led to this bearish signal indicates that there is a downside potential of 9.10%. The signal has just been issued, so it is not late at all to take the profits and moreover to get ready for a possible shake-out by placing a
SHORT bet.