Even TVIX dropped to $108 and popped right back up to $120 no problem. Very sticky support.
Still waiting for the pop.
Every day further we get past the down-channel, without falling back below means the odds of a market crash are increasing. If it falls back below, then we must be patient.
Lookout for an uptrend heading back to $150. Maybe have some downside ahead still but very unlikely it'll go lower than $90 before the next crash.
My stop loss is -50% on this trade and I don't anticipate that getting triggered especially with a promising breakout already.
This pressure has been building for awhile and this is just the start, TVIX won't be back below $150 for many months now.
Even is market goes up again, it just adds further volatility now which still keep TVIX and VIX pumped up or at least holding steady.