Madrid

Santa's Rally or Thanksgiving Rally?

Long
AMEX:UVXY   ProShares Trust Ultra VIX Short Term Futures ETF
1
DEC09:At the 23.50 Resistance Level. Above 55 and 144 EMA pair, in the green territory, Oversold with increasing momentum and officially reversing the trend to the upside. This year we didn't have the "Sell in May", we had the "Sell in April" month, and why not? last rally at the end of October was like too good, to the point that it makes me think we had already the Santa's Rally in November as our Thanksgiving Rally.
Markets hate to become predictable and they like to change their rules to trap those who blindly follow that predictable seasonality.

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