VelocityShares Daily Inverse VIX Short Term ETN (XIV)

[Sendme]

Number one rule of thumb, don't take financial advise from ihub. LOL Be careful and don't try to catch a falling knife. XIV broke a 4 month trend line today. I would like to see some type of reversal pattern possibly on the 15 minute chart, I am not good at guessing the bottom and hate averaging down. LOL Sorry for the delay in the response, work that 9-5 thing and don't have much time to check things during the day.

There was a triple top in the ascending triangle that broke to the downside that was a signal earlier. I like to look at different time frames with the moving averages, and see if the price starts to bounce off the 200 and watch the 15 or 30 minute for higher highs and higher lows.

15 minute chart shows price unable to break swing highs

The VIX is at a price that tends to get sold off quite often, however like back in 2015 price broke the trend line went all the way back down and a few weeks later shot up massive.

I personally hope that they buy the dip big time next week and send the spy up to 255 and fool everyone to think that all is OK, then dump it big time.
Best of luck..