Updated
ZIV - a bellwether worth watching
I posted a bullish count of this short volatility etf back in December that presented a bullish view for stocks generally. However, it doesn't seem to have taken off as I thought and to me is looking a tad corrective, so I started looking for some alternative counts. These are two of them, one still offering a bullish progression while the other (surprise, surprise) is very bearish.
Note
Yep. The chart will always offer clues if you care to look. I still reckon this is a 4th wave correction with more upside to follow....deeper correction first though.
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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.