FYI- my "target" is more modest: $8.50, maybe $9.00! The REAL problem is all the money printing from China, ECB, and (still) Japan. Even with that, I don't see our Fed raising rates by much or for too long (i.e. two and done)! This leaves too much liquidity in the system which can make any potential "Sell off" recover quickly (i.e. TVIX rallies to $8-$10 Max before crashing back down into the $5s)! Profit as much as you can from a small pop and then keep a tight Stop, on the remaining balance, when it comes in so you don't lose that potential (locked in) profits! And NEVER over pay for this ETN above all else (i.e. chase a spike)!
- JMHO
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