65.82% is one of the largest one-day increases in the TVIX. Huge volume! Friday's volume will hit 30M shares.
S&P500 clearly has turned bearish with strong downward momentum.
I think this is the beginning of a major drop in the stock market. Volatility will SKYROCKET! TVIX is the play for the next 5-20 days.
Today's move up started from a higher base on the TVIX so volatility could go above March levels.
During the February / March crash, TVIX exploded 1350% from $67 to $982. It took only 23 days.
Expect the same price action this time. I hypothesize it'll go to $1200 before crashing back down. A couple of days BEFORE the actual market bottom. Look at what happened in February / March. History repeats itself.
Good luck to all!
S&P500 clearly has turned bearish with strong downward momentum.
I think this is the beginning of a major drop in the stock market. Volatility will SKYROCKET! TVIX is the play for the next 5-20 days.
Today's move up started from a higher base on the TVIX so volatility could go above March levels.
During the February / March crash, TVIX exploded 1350% from $67 to $982. It took only 23 days.
Expect the same price action this time. I hypothesize it'll go to $1200 before crashing back down. A couple of days BEFORE the actual market bottom. Look at what happened in February / March. History repeats itself.
Good luck to all!