If you have been following me you know I am a huge fan of using volatility to confirm tops in S&P index. Because volatility normally has inverted charts and wave counts to those of S&P and it has cleaner counts you can use volatility to cross check your counts of S&P.

You can watch this video to see how you can do that cross-check and trade SPY and ES-Mini based on TVIX wave counts.

Looking at 2 hour chart of TVIX ( below ) this coming bottom looks more like a bottom of the wave 3 down rather than bottom of wave 5 down. That means that we would need another move down to a lower low in wave 5 down after a pullback in wave 4 up is completed.

Last week I launched a subscription service. Now I post 15 min chart and 45 min charts of TVIX for my subscribers only. You can get a regular coverage of the US indices and TVIX in one bundle for a super low introductory rate of only $19.99 a month. If you want me to help you to nail the bottom of this wave 3 down in TVIX   subscribe now! 

Where else you can get an intraday coverage for $19.99?!