After last week's downward spiral confirmation, TVIX has proven its volatility as it broke through the resistance once again. This jump was a result of the recent breakthrough of DIA as it plummeted through the market's support curve.
However, this may be a very short term jump considering the market's support was extremely aggressive. I will assume - and this is very dangerous - that within a short time a more reliable support will be established and TVIX will continue its decent. This bullish behavior will most likely be extremely short term.
However, this may be a very short term jump considering the market's support was extremely aggressive. I will assume - and this is very dangerous - that within a short time a more reliable support will be established and TVIX will continue its decent. This bullish behavior will most likely be extremely short term.