The Fear Triangle appears Complete
Submitted by SC on Sat, 02/18/2012 - 19:00
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The TVIX chart has formed a triangle. The measured target of a triangle breakout is $23.35. This week watch for a potential breakout of the triangle about February 23rd with timing to the target around February 27th.
TVIX has put in higher lows since early February even with the S&P 500 grinding slightly higher during the same time period. Volume in TVIX has also been expanding rapidly.
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and one should also look at
Submitted by Anonymous on Sat, 02/18/2012 - 19:44.and one should also look at the downside break with a target of 13 or so, you bear....
Fair enough. However, the
Submitted by SC on Sat, 02/18/2012 - 20:16.Fair enough. However, the higher lows for TVIX in february is a red flag diverging with the S&P. This implies an upside breakout is much more likely. We'll find out shortly.