VelocityShares Daily Inverse VIX Short Term ETN (XIV)

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Interesting area in the markets now, and this current move has a similar set up to the last move.



Chart from July/August


Using a 1:2 risk/reward formula gave us this chart from July/August


Current chart if the shorts take control


This was the 30 minute chart on TVIX around Oct 25/26 when the XIV dipped down to 97


Daily chart with the RSI at 53 and the 100 MA (pink) is just under 94 (look at the target of the current chart above if the shorts take control)