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VIX should be the tell what market does next

ProShares Trust Ultra VIX Short Term Futures ETF (AMEX:UVXY)  
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AMEX:UVXY   ProShares Trust Ultra VIX Short Term Futures ETF
Chart Patterns Trend Analysis SPDR S&P 500 ETF (SPY) QQQ VIX CBOE Volatility Index UVXY
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chartpattern trendanalysis spy qqq vix uvxy
UVXY been consolidating in to pennant pattern or it might also look like a bull flag. if this breaks out to the upside, there's more downside coming for the indices. usually VIX tends to breakdown after these major spikes. lets see if this turns in to another pull back or something more serious
Komen:
probably to everyone's surprise VIX broke out to the upside and resumes its uptrend
Komen:
UVXY finally broke its trendline. trying to short some with a stop above Friday's high (~61.5)
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