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

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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.

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Something to watch
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Chart PatternsDIADJINASDAQ 100 CFDQQQSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Trend AnalysisUVXYVIX CBOE Volatility IndexVXX

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