So is it just coincidence that the chart kissed the 61.8% today AND hit the 5th rail with a small throw over? Likely not IMO. The COMPX could be signaling that the bear market rally has run out of steam right here. A higher high than that throw over will negate this view.
Armed with technical evidence as to a completed wave and a trigger point for my stop loss, it's back into TVIX for me.
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