$SVXY >> Daily Chart >> Bearish 🐻 3 Gap Ups reversal pattern formed on Friday >> Hitting the 200 & 300 day simple moving averages at 54-54.50 resistance zone 🚨 >> Fail to break resistance & this will be the lock 🔐 in gains zone if you've been banking on the run 🏃‍♀️ >> The only way Volatility Bears 🐻 make money 💰 from here is if candles 🕯 are forming above 54.50 >> Failure to break resistance would be a red flag 🚩 setting up an EMA 4 at 52.88 support test EMA 4 needs to hold for the bulls 😤 to stay strong 💪 >> a drop below would put a 400 day simple moving average at 51.94 support test on deck >> The 200 SMA is bear 🐻 crossing below the 300 SMA while the 50 & 100 SMA'S have been starting to hook 🪝 up >> What $SPY $QQQ $DIA bulls want to see 👀 are the 50, 100 & 200 SMA's all hooking up and headed for Golden 🌟 Crosses >> That would signal the market bounce is real >> if $SVXY stalls out it will be a clue the market could consolidate >> 🦅🦅🦅 $SPY $VXX $UVXY