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UVXY (VIX) pattern implies risk on until mid-January

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ProShares Trust Ultra VIX Short Term Futures ETF (AMEX:UVXY)  
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AMEX:UVXY   ProShares Trust Ultra VIX Short Term Futures ETF
Trend Analysis Chart Patterns SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY) DJI DIA QQQ NASDAQ 100 CFD VIX CBOE Volatility Index UVXY VXX
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trendanalysis chartpattern spx spy dji dia qqq ndx vix uvxy vxx
Here is a pattern that I noticed in UVXY over the last year. The red trendline has been very consistent as a time for UVXY to change directions. If it holds, then the market is moving back into rally mode and we should not expect to see another pull back until mid-January.

snapshot

snapshot
Komen:
Something to watch
snapshot

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