Yes, it has got great upside volume sponsorship, STO just cracking 80 and AROON cross to daily trend up. But I am most likely getting rid of this thing today because it acts way too whacky in relation to the VIX to be considered any kind of hold beyond the immediate hysterics.There are plenty of other bear positions out there to be traded and/or held going forward. The VIX etn has done its job for now.
Meanwhile, there is a logical short term support scenario shaping up in the markets, which is not to say it will hold, but it's not to say it won't either.
The markets are now officially FUN again. And it's about time.
Edit (9:37) Done, 24% gained on downside protection vehicle. Several ultrashort ETFs still held.
