Its been frustrating trying to go long TVIX, but we are finally seeing the increasing volume needed to sustain this breakout. There are a lot of buy stop orders building and once triggered, there will be a big rush to buy to cover and buy to go long. Target is between $4-5, depending on where the SPY will be.
the day after I posted this, the rejection bar changed my view and now I see Tvix going straight down as the SPY rallies during the strongest month of the year.