TVIX moves like a hot toddie, due to it being 3x inverse the VIX. With Trump vs China Trade War continuing to escalate with no near term end in site, TVIX has increased substantially in its volume to the upside. It is approaching a breakout trend line that it has tested 3 times as it rounds up into it. Due to escalating trade talks last month increasing the volatility in the market, the range over that timeframe was $10 in TVIX. This aligns perfectly with the potentially range into the next target price.