Below you can read a report that I sent to my subscribers at 3:20 PM on Tuesday, May 22nd, 2019. In the report I warned them about coming spike in volatility. Moreover, I showed them a BUY Zone under 21.06. The following day TVIX bottomed at $20.60. And this morning it spiked by 11% to $23.60:
However, there is another potential setup where the a-b-c move up that topped at 31.86 on 9 May 2019 was only the first leg up in wave A. The vast majority of corrective waves start with a countertrend a-b-c move.