VelocityShares Daily 2x VIX ST ETN (TVIX)

[Citrati]

I cannot foresee anything longer than intraday trading until ema's and ma's start down and down crossing.
Even though the daily is filled with spinners, black candles, doji's etc making a string of indecision candles price movement is still upward. TVIX cannot get traction until that changes IMO.
The trend is what it is and no sense trying to fight it IMO.
Just me. Not advising anyone to buy or sell. I am not qualified.
There will be no trend change until price starts closing under the midline. And even then the last time price bounced back up off the 200day. This time the 200day is well under the midline. This time price will have to close under the rising 50day which would need to become resistance. That 50day is within the market structure support bar which has held during the last two dips.
Just some things to be aware of IMO.