TVIX-4-16-19
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TVIX playing with the round numbered support
As I predicted in the last night video TVIX dropped to a strong confluence of extensions at 20.00. TVIX and triple ETFs in general very often find strong support at round numbers. Many traders place their stop loss orders right underneath such levels. And shrewd cynical traders like me are perfectly aware of that. They would push price under that level to trigger those stops and will buy out everything sold on stop. I will be a buyer under 20.00
TVIX - 15 min chart updated at 9:05 AM on 4/16/2019
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