Not too familiar with ZIV, looks like we broke channel resistance. Looking for a retest of $76.8, resulting in a 5% move. Always do your own research before investing. I am not providing financial advice.
VelocityShares Daily Inverse VIX Medium-Term ETN* (Ticker: ZIV) VS. Bitcoin Price (Bitstamp) Nice correlation between ZIV and Bitcoin price since 2013. *The VelocityShares Daily Inverse VIX Medium-Term ETN provides daily inverse exposure to an index that tracks the price performance of futures contracts on the VIX with an average maturity of 5 months.
VelocityShares Daily Inverse VIX Medium-Term ETN* (Ticker: ZIV) VS. Bitcoin Price (Bitstamp) Nice correlation between ZIV and Bitcoin price since 2013. *The VelocityShares Daily Inverse VIX Medium-Term ETN provides daily inverse exposure to an index that tracks the price performance of futures contracts on the VIX with an average maturity of 5 months.
This might be an interesting pattern to monitor. Lately the SPY has been outperforming inverted VIX, unlike what happened at the start of the 2016 uptrend, where we observed a shift from outperformance to underperformance. The inverted VIX daily chart shows a daily downtrend is ongoing and suggests we'll see a 22.88% drop (22.88% jump in VIX) over the next few...