I mentioned yesterday that TVIX
moves very fast and if it gets near the resistance level
, not a bad spot to take profits if long. If it broke above, we would see some panic selling within the indexes and panic buying for tvix
. Making that kind of bet has failed over the past 6 months and so far, failed again. TRADE tvix
, don't hold it that long. I would wait for a better entry when we approach the KILL ZONE!