Hyperbear Lurks

Tech recoveed today, but UVXY is finishing the day near its high. For the very short-term of days, the blue line is the level to cross for a bigger rise in VIX. Below and it could consolidate or test support again.

Here is UVXY in 2020. It bottomed in mid-January and then made a higher low. A similar pattern also emerged before Volmageddon, but only pulled back a day before breaking out. The window is open for a move, but could be a day or two away 4 to 6 weeks. Perhaps relevant is that VXX is harf to borrow right now a TD. That doesn't give a signal, but it does mean a move higher would catch a lot of people short.