2nd bar today kissed the top horizontal support channel and held above the bottom diagonal support channel. Still right on track.
Fundamentals vs the Fed, lets see who wins.
The indicators are betting on fundamentals coming out on top.
The longer SPX moves sideways, the more downward pressure here, it's in TVIX nature to perpetually fall.
The fact that the recent supports are still holding and TVIX is also trending sideways is a great sign, I'm not worried. Check out my SPX analysis
I would be a little more concerned if we break the bottom support and set a new recent low under $138 but even then it could come from a final short squeeze before the crash.