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Is one of the "Hottest ETFs" on the planet creating a "Head & Shoulders" topping pattern?
The chart below was the quiz from 3 days ago. This chart reflects a potential "Head & Shoulders" topping pattern at the top of a rising channel as well as another resistance line at (1). See quiz opportunity post of March 18th here.
Since June of last year, this ETF is up 120% MORE than the S&P 500, reflected in the chart below.
Could this inverse VIX ETF be sending a signal that the markets are at a critical top? If this pattern is correct, XIV could fall a large percentage and VIX could see a strong rally. Stay tuned!
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