Opening drop in the markets is 3 of 5 down...

which means 3 of 5 up for TVIX.  Expect an AM reversal (markets bottom and then head up strongly) that should end strongly in the green for the markets and which should take TVIX back at least to the level of the prior 4th.  Maybe it all happens today, maybe it takes 2 days.   This is the time to start selling TVIX, not buying more IMO.  I'm planning on finding a good short entry point for the swing trade on TVIX.