This morning I have posted the “More Bullish” count in ES mini suggesting that the move up we are dealing with this morning is wave a of v targeting 2,900. Then we should get a pullback in wave b of v that has to hold over the critical support at 2,877 and, then should rally again in wave c of v.

Coming back to TVIX ( see the chart below) we are going to retest the previous low under 24 in wave a of v, and after a pullback in b up we should finally get a stronger drop in wave c of v down that should tag the bigger green target box and finally tag the lower red trendline. Off that bigger green target box we may get a stronger pullback in wave 4 up ( the black count). The first target for that larger pullback would be the previous corrective wave iv up (25.64) but may stretch much higher up to 32.50sh.