Replies to post #34780 on VelocityShares Daily 2x VIX ST ETN (TVIX)

[Citrati]

I think the SPY bias is still down on the daily. Although in oversold territory there is room for some more down. If 200day becomes resistance then the bears are still in full control. Losing 200day support is a big deal IMO. There are still the 2 lower SPY gaps and it is possible they fill and then a bounce comes. Both scenarios would be good for TVIX.
Base up off the SPY 200day would give the bulls a chance to get back in the game.
News trumps charts so we will just have to see how it plays out.

[wingtrade]

All I know is this is not an environment where I would feel comfortable without hedging exposure elsewhere for the short term. Insurance policy for the short term, with some opportunities to flip on runs and buy dips, jmho. Gltu