During periods of risk the VIX tends to get inverted- typically during times of stress this has stay inverted for quite some time, 6 weeks after last years shock valuation from China.
When this curve goes back to a normal upwards sloping curve, this is usually a very good sign.
The US equity markets has been ...
TVIX has been playing well off of daily S/R outlined in chart, likely pops soon or else 2.75 support could test. My guess is it at least tries for 3.84, and if strong enough, we could extend targets to 4.25 area.
bounce off of 3.00 strong so far