Depends on why it's down so much. It's not like a stock or commodity that you would expect to have dead cat bounce. Big volume today too. stockcharts.com/c-sc/sc?s=TVIX&p=D&yr=0&mn=3&dy=0&id=p29061249874 http://stockcharts.com/h-sc/ui?s=TVIX&p=D&yr=0&mn=3&dy=0&id=p29061249874