Today's low of 34,744 matches last Friday's low of 34,749 and thus represents key support for this leg of the ongoing decline. Taking out those lows in a convincing manner will open the door for a steep drop in the days ahead. Yesterday's counter-trend rally was not able to reach even a minimum Fib retracement level (0.382 on the chart). If that was it for the rally, look out below. UVXY - Still Bullish
