VelocityShares Daily 2x VIX ST ETN (TVIX)

[AAAtrades]

Yes it could be 'soon'.

Seems like the recent rally we have had in the market has already 'baked into the cake' all the typical Thanksgiving holiday mark up

The VIX chart itself last few weeks looks like a frying pan bottom formation with many dojis

only thing that is missing is a big breakout bar UP to confirm the run is about to start.

looking forward remember that January of next year is typicall the barometer for the rest of 2020

so it would makes sense for the market to at a bare minimum start to break down now build price structure weakness and then collapse in January setting the tone for 2020.

Still holding VIX APRIL 15th 2020 65$ CALLS they are only .15 cents each.... and holding steady as a rock...

i gotta say i feel a lot more relaxed holding those than taking endless daily drawndowns and stop losses in TVIX