Replies to post #34970 on VelocityShares Daily 2x VIX ST ETN (TVIX)

[LodieJ]

Oh wow. I HOPE SO! Looking for a nice play on TVIX at some point.)

[LodieJ]

$33 was one of my extra targets but dang I'd gladly take $52:]

[Citrati]

Not seeing it right now. Too many (all) down angled ma's, major market structure resistance between 18.67-20.60 and heaviest resistance from 25-30. For now an excellent bounce would be into the 18's.
I will just stick to scalping intraday. Just my opinion from the peanut gallery with no certifications and not recommending anyone trade by anything but their own dd and decisions.

Because of decay any sideways will lessen any targets and continue to increase the odds of a R/S.
All IMO only.

Green Trades To you. You have a good entry for the day.