$VIX $SPY - $UVXY 4hr Targets

Not an exact science, but using fibs, gaps, option flow, and pivots with my belief in tomorrow's ES levels. We have a small open gap at 14.24, but I'm looking for a move to 13.24 before a move up. Downside and upside targets provided. Obviously the 61.8 would be first, then become more risky above. Watch for volume confirmation.

Gap above at 19.67 is possible, but not probable this week. Days to cover are .33, so a massive squeeze could take us there. Good luck.