Replies to post #32735 on VelocityShares Daily 2x VIX ST ETN (TVIX)

[Citrati]

Right now there is a tug of war at 36.50's Zone. Could go either way.
Price needs to get closes above the 8ema (40minutes) or intraday gap isn't going to close today.
Then price has to get above the 50period line(20hours).
20period (midline) is 8.3hours of data.

There it goes. See if it can hold for a couple 5minute closes. Close to filling the intraday gap now.

Update: now testing 36.50 area to see if support is going hold as a base.
Right now the market tick charts are working against a short here in TVIX. Can change rapidly.

[Citrati]

36.50 didn't hold and market ticks are still up so currently positive for (uvxy puts) or direct TVIX shorts if possible with your broker.
Need to survive this test of days TVIX lows or up reversal will eat away at your short.
Forming macd pos div here so looking like potential up again is growing.
Guess you need to take the longer view or take the scalps.
Either side this is a tough one to hold until longer trend is set.

Green Trades.

That's all the opinion I got....maybe something useful.....trade your rules and dd.