FWIW,,,TVIX.
I noticed on the hourly chart for anyone daytrading this stuff,,,there is an upward channel starting, it would appear on 4/19 @ 09:30. It set a bottom at 3.37 and a top of 3.73.
During the next 5 days it has tested the top and bottom of the channel every other day so far.
This portends a touch of the top of the channel today near 3.87.
Until this channel is broken, IMO,,,it is a good bet to buy the bottoms and sell the tops.
If the top or bottom is broken, then it means that a new channel is being formed.
LOL,,,this is all in my opinion, so tread lightly.
Personally, until it changes, that's how I'm gonna play it.
