Interesting chart … XIV (inverse VIX) UPDATED
03/25/2017 – well looks like it went up into the zone discussed below. I’ve labeled the extension targets as 1.732 (square root of 3), 1.68179 (note the closes) a musical note and the projection was 1.27AB = CD. 1.27 is the square root of 1.618.
as you can see, it sold off but DID NOT give a weekly signal reversal so continue to monitor. Often times, it “likes” to go back to the level of the first failure around 60 as shown.
good weekend to you ..