I sent that report to my subscribers at 8-48 AM on 3 June 2019. I reaffirmed my bearish outlook for volatility and predicted a large drop coming. Back then TVIX traded at 23.72. Three days later, on 6 June 2019 TVIX closed at 21.79, 8% lower.
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TVIX looks having topped
TVIX topped where we expected it to top in a corrective looking a-b-c structure.
It looks like a complete perfect corrective wave ( b ) up.
And from here it may start an impulsive decline to a new lower low.
That bearish scenario is a strong bullish sign to ES/SPX/SPY.
TVIX 3500 tick bar chart updated at 8-48 AM on 6-3-2019
