TVIX, daily
UVXY, daily
Summary
First, a reminder on the daily VIX chart...
It was particularly interesting that whilst the equity indexes still managed to close a little higher, the VIX gained
Unquestionably, the near term trend for volatility remains to the upside, and despite the persistent decay issue, both TVIX and UVXY have been trending upward since the floor in early August.
Best guess in the near term.. VIX should move briefly into the low 20s, which should equate to sp'1570/60s.
In terms of TVIX/UVXY, that might equate to further upside of 35-45%
--
**Special note...at the close of Thursday Aug'29, TVIX will see a reverse split, 1 for 10.
So, early Friday, TVIX should be trading somewhere in the 19/20s.
