I also added TVIX AH to average down a bit. I've been wrong before and I'll be wrong again but at this point I have no reason to sell.
My targets haven't changed since last Friday and I see no reason to change them at this point given the fact they've been fairly accurate. For this particular move my primary expectation was a 2007 top but when that was exceeded 2018.50, which was my alternate target, took center stage. These targets are not rock solid and can be slightly higher or lower. Being a couple points off happens far more often than hitting the bullseye so at this point I'm not overly concerned. Believe me when I say as soon as I know I'm wrong I'll admit it and cut my losses.
Tomorrow I'll be watching for ES to head back down to the 2000 area. If we don't continue lower and it looks like we're going to bounce I'll sell TVIX and buy XIV(as a day trade most likely). If I end up buying XIV my 1st target will be in the 2050 area. With that being said I do not think this move lower is over. All just my opinion of course..........................
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