tvix-5-28-19-10-30-pm

TVIX has been nicely following my count. I expected it to rally in wave c up and it obeyed.

But in full accordance to my expectation, that a-b-c move up off the low made at 20.60 on 22 May 2019 is nothing else but a dead cat bounce, a temporary countetrend pullback. What I expect is TVIX to top in the red target box located in between 24.70 – 25.40 and then continue to do what it likes to do which is to decline to new all time lows. 

 

That bearish picture in TVIX confirms my expectation for a new rally in stocks to come soon.