I was observing $XIV for a while, only to fall asleep and watch the train leave!
But still not bullish. MACD, RSI, price al have to improve. at a minimum, 5/10 wk MA x-over
$28.91 Support 1 Pivots Point Good signal
Waiting or break below trend and SPY 190 psychological level. Watching $UVXY $VXX $SPY $IWM $QQQ $XIV
A chart comparing SPY, BTC/USD, XIV, and VXZ on a log scale.
Despite briefly dipping below 12, based on this chart interpretation the VIX is still poised for a rather large spike this summer. First trigger would be a move over ~14 then a push through major resistance ~19.50 - 20 would probably see a rapid ramp towards the low 30's. This would roughly correlate to a 20-30% correction in the SPX. Watch to see if the VIX can...