Hi
There is a negative correlation between TVIX and DJI, when once goes up the other goes down.
Buyer in TVIX are pushing price down as bearish winning as we see the price is as low as 28.5.
My best analysis is that buyer are collecting as much as they can by pushing price low. We have new support at 28.8 and 1st resistance at 30.80, 2nd resistance around 34,15, 3rd resistance around 39.88 and we can see the price attractive as long price is below POC level
There is a negative correlation between TVIX and DJI, when once goes up the other goes down.
Buyer in TVIX are pushing price down as bearish winning as we see the price is as low as 28.5.
My best analysis is that buyer are collecting as much as they can by pushing price low. We have new support at 28.8 and 1st resistance at 30.80, 2nd resistance around 34,15, 3rd resistance around 39.88 and we can see the price attractive as long price is below POC level
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.