Double bottom on VIX volatility index today, UVXY and SVXY targets

A sweet double bottom setup on the VIX volatility index today "potentially." As the previous low was set in early May, the price that needed to be breached was 9.90. That was accomplished with a confirmed bottom low at 9.56, setting up the markets for last week's selloff. The VIX traded through $15, UVXY to 16.80, SVXY down to 126.78 (in after hours sessions) in a reflex off of that initial VIX low. So look for those highs/lows to now be breached. I also posted a tutorial on the SPY and QQQ with downside targets listed earlier today here at steemit.

Here is the 10 day view for VIX, UVXY, and SVXY showing targets that will be breached.

Notice how the VIX retested the previous 9.90 low...almost as if it was a magnet.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Index&symb=vix&x=52&y=11&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=15

UVXY to 16.80 minimum within 30 days, likely sooner

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=uvxy&x=43&y=14&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=15

SVXY to 126.78 (minimum)

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=svxy&x=52&y=12&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=15