RE:RE:Went long TVIX yesterday ....Its as if market is NOT even allowed to drop at all, never mind correct, never mind crash...
Been trading for 18 years and this is mind boggling to be honest!
I thought forsure after yesterdays like 20+ pt drop would see some weakness BUT nope right back to new highs
I am a little perplexed what to do...
One side says VIX short at highest level ever and stock market complacency leading to another possible double on TVIX at todays price
While, part of me thinks this melt up can continue especially with Phase One deal signed and vix retest 11 or possibly even lower with tvix continuing to decay.
I just felt $7 was an absolute bottom on TVIX!!!!