Yesterday in my report about TVIX I wrote:
“TVIX can easily stretch to 50% retracement at 26.21. Again, it does not have to go higher again because it has made a clean corrective a-b-c move up.
The demand zone starts under 23.08. I am going to sell my VXX puts there and see whether TVIX will be able to play that one more rally targeting 26.20. If it does, I will be super happy to re-short it there.”
Yesterday TVIX bottomed at 23.20 at 10:00 AM. And this morning it jumped to 26.20, 50% retracement of wave ( a ) down.