VelocityShares Daily 2x VIX ST ETN (TVIX)

[Citrati]

The current bullish move still has momentum. It is looking more and more like the weekly SPY could be headed to 300-315. 315 is the r-3 weekly fibpivot target. Other indexes would be hitting highs.
If this turns out to be the case then TVIX is in for more pain. There will also likely be some bounces as it works it's way lower. I can't rule out 15-18 area. I have no firm # and will just continue to scalp with tight stops and try not to be greedy.

Watch the financials, transports and semi's as well for market clues.
Complacency or stubbornness can could be costly.
Entire post is just an opinion and not meant as advice for specific trades.

Best wishes to all for green trading.