NASDAQ:XIV   VELOCITYSHARES DAILY INVERSE VIX SHORT TERM ETN
42 0 1
While 'sp retraced only to the 23.6%, XIV             retraced deeper to the 38.2% in presumed wave (a). This makes a stronger case for wave iv completion with wave v of 1 underway. Bulls in control at the moment, although this very extended wave c of (b) in an expanded flat is still possible (shown in green).
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