Before the market snoozes into its long holiday week off, a quick look at UVXY. Noteworthy is the prior high of 17.25 which could act as stiff resistance against any move up from current levels. What would make things more interesting would be for 17.25 to get left behind in the dust of a sudden spike in volatility. Because I don't expect it, especially this week, it is worth keeping an eye on. Remember, global markets don't take Thanksgiving off, just we do.
