$UVXY - Daily Chart

Approaching S2 on daily and at the lower bb. We've seen massive selling into new lows w/ ~1.5x volume. UVXY has been crush compared to VIX. I included the VIX for comparison (the orange line).

I think a reasonable target for UVXY is $37-$38 area in the not to distant future.

Vix only down 8% while UVXY down -75.89% since Nov..

Noteworthy: OPEN GAP AT $52.96