front month vix futures remain overbought (vx1!)

מעודכן
the upside in short term vix futures remains muted as limitations on how far out broader market shorts in the money puts are due to backwardation in front month contracts. this is leading to derivatives like UVXY to probably continue to sell off of overbought.
we could find ourselves back in the low 14s UVXY if we see 22 vix again which should be soon. if we go over 28 vix id imagine were headed for 20 UVXY. the weekly picture for vix is bearish.
הערה
sell area and cover area for derivative UVXY
תמונת-בזק
הערה
i think were getting maximized to the downside put/call spx but were not due a spike till ftz 13
תמונת-בזק
הערה
it looks like vix should decline
תמונת-בזק
הערה
smart money is selling this at upper bb daily
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