The Good Spy, The Bad TVIX, and trading them together

In the video I am talking about trading SPY based not only on its own wave count but also paying close attention to wave count of TVIX. TVIX is  VelocityShares’ TVIX Exchange Trade Note is a 2X leveraged fund that tracks short term volatility. It is closely tied to twice the daily return of the S&P VIX Short-Term Futures. It trades like a stock. It is fairy liquid with an average daily volume of 30 million shares. What’s great about TVIX is that it does a great job of matching the short term percentage moves of the VIX. In many cases TVIX acts in inverse fashion to what SPY does. When we get a bottoming structure of five completed waves down in TVIX it is a great sign that SPY and ES may reverse its course from up to down.
Start to Learn Now!

Subscribe to my video course
and learn to predict market moves

Check My Latest Updates!

Get all the updates on one screen
and filter out only symbols you need

Login