TVIX - volatility breaks higher

With the VIX closing +15% @ 15.89, the 2x lev' (bullish) VIX instrument of TVIX, saw some powerful gains, settling +9.3%. Near term outlook offers VIX in the high teens, which should equate to a further 15/20% for TVIX.


TVIX, daily

Summary

*first an update on the daily VIX....

Even though VIX did not close in the 16s, it did manage an intraday break above what used to be key resistance. There looks to be reasonable upside to 17/18s Fri/Monday. Whether the 20s will be hit...that remains difficult to say.
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*as ever..such leveraged instruments suffer from severe statistical decay, and are for very short term holds only.