Using SPX500 for TVIX entry

FX:SPX500   S&P 500 Index
Looking to take advantage of possible down turn, to buy TVIX            

Reason / concerns
- China has been having issues and I believe them to get better but in the 2 month term having a larger down move again.
- Greece is showing more and more positive news but should cause huge rally as it's contribution to the global picture really isn't that large.
- rising short interest in S&P500            
- possible head and shoulders , similar to 2011, 2008, 2000
- four touches on support on rally similar to TSLA             rally ending last year.

I am looking for possible resistance in area 1 for trade entry but I will put a position on in area 2 in no resistance in area 1. Looking to hold until at least 2020ish.

I am using TVIX             as it is leveraged and inverted to the S&P500            

Update July 13, 2015
I entered the TVIX             at 7.25 when SPX500             was around 2100.
I had originally wanted to get into TVIX             around 6.95 but I was patient enough :(

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