VelocityShares Daily 2x VIX ST ETN (TVIX)

[AAAtrades]

certainly looks like a good clue.. that is a HUGE market structure !

rare to see such a large structure with so much potential of a fast and quick drop

my instincts are telling me that with only roughly 30 trading days or price bars left for the rest of the year, that VIX is going to stage a sort of "january effect" rally and super spike higher

and when I say spike I mean huge huge fast and sharp.

TVIX may still bleed a bit lower as VIX starts to gain traction but if TVIX can get back above 8.15 then I say game on, first sign that it is preparing for an eventual end of year spike up