VelocityShares Daily 2x VIX ST ETN (TVIX)

[Citrati]

Yes, for the moment it did. Closing today and Monday follow through are important.
That said, when you look at the Daily rather than the hourly, price right now today is basically the same as where it started Monday. Daily looks to be rolling over, however fast ema's are still positively stacked and still waiting on down crosses.
Rising midlines or the market structure support/resistance bar could become support. The daily trend still has an upward bias even though hourly appears to be breaking down.
Also, we don't know yet if todays gap down will fill before a solid down turn.

Nothing set in stone yet. One can either guess on the daily, wait for daily confirmation or scalp the intraday chart . Just my opinion.
Differing opinions accepted. It could even seesaw sideways awhile. For sure they won't make it easy.
No matter what we want this chart is still making higher highs and higher lows.



Green Trading