Two counts here in the red and the blue, one with more downside than the other. The blue count would suggest a "buy the dip" scenario while the more bearish red count might suggest a more prolonged correction. Personally I am leaning towards the more bullish blue count. Of course, not included is a count that I haven't imagined yet and does something completely different.....
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Here's an after-hours chart of the XIV. Woooaaaaa.....
dont think u can chart XIV or SVXY. they are based on decay of m1 and m2 futures.
tomj2417
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@LetsBeMillionaire, I respectfully disagree but that doesn't mean you aren't right.
LetsBeMillionaire
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@tomj2417, SVXY and XIV past history is just for reference. its every day its a new game. not opposing your skills but i hv played this 100 times and every month all contracts gets rollover. current VIX is higher than futures. This kind of opp happens very rare...like brexit and election. Its blind short VIX. Long SVXY. u can see futures here. barchart.com/futures/quotes/VI*0/all-futures SVXY goes up on decay which is inevitable.