Corresponding with what may have been the first break lower in index assets such as S&P500, Dow and VTI we've recently seen the TVIX breaking a shorter term trend line, and looks like it may run up to test a more important longer term trend line. Going long the TVIX at this price gives exceptional riskreward. More trades can be added if the trend line breaks.
Check the warning ....it says shorts at the bottom.
Once new lows are in place, we could have a huge bounce back up for 100% move
-VIX shorts are heavy
-TVIX says short the bottom, cautious
-Have a look at equities ready for a correction
We'll keep in touch
This could just be down to how the buying of futures was handled at that critical period around vix futures close at 4.15pm, but they never got back in sync, and now never will with the TVIX 2x and UVXY 1.5x leverage
I scaled UVXY up 5.5x just so it aligned with the TVIX price.