VelocityShares Daily Inverse VIX Short Term ETN (XIV)

[Sendme]

If I had noticed the parabolic curve a little sooner, I may have waited a little longer as it seems that last leg up is a doosy. I have tried to back test different patterns, but found that only once in a great while did it really follow any type of pattern. LOL

But even a small pull back on the XIV seems overdue. I tried to plot out where some of the structured support/resistances were and this is what I had in mind.

I agree, if TVIX has a nice run, I will be looking at the XIV/VMIN closer. Just wish they had followed some patterns better. LOL

Gonna try to keep an eye open for some indicator. I noticed this one from last month when the spy was going down and the XIV was going up and setting up a negative divergence. The 3rd time the spy hit it's trend line and the XIV didn't, I bought some TVIX on my way out the door to work because I felt that something was up, but by the time I got around to checking it later in the day it had already tanked and bouncing back up so I got about half the profit.

I know that the XIV doesn't follow the spy, but after looking back at the history, it comes close enough to where a big divergence is a red flag. Slight possibility of a small divergence in progress, unless the spy gaps up big on Monday.

Thank you for your input, trying to make a few bucks here.

This is the chart with some divergence showing