🔮 Weekly Outlook:
Expect continued volatility and choppy trading within a $39 - $43 range. A sustained break above $41.65 could see a test of $44-45. A failure to hold $39.65 support may lead to a retest of the $38 zone. Traders should monitor daily VIX futures and broad market sentiment closely.
$ProShares Ultra VIX Short-Term Futures ETF(UVXY)$ Surged +2.16%: Volatility Play Heats Up Amid Market Turbulence, Eyes on $41 Breakout 🎯 Analyst Targets: Analyst coverage is minimal for this complex, decay-prone instrument. It is primarily used for short-term tactical trades rather than long-term investment, with no consensus price targets.
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