As you can see in the chart, TVIX has reached the point in which the short term resistance crosses with the long run support. What we see next will determine the next moves of TVIX's price. There are two possibilities to the future trends.
1) If the price drops below the support line prior to the intersection, we can expect extremely bearish behavior in the coming weeks. (Great to short)
2) If the price breaks through resistance prior to the intersection, we can expect extremely bullish behavior in the coming weeks, until the price meets the longer term resistance curve.
1) If the price drops below the support line prior to the intersection, we can expect extremely bearish behavior in the coming weeks. (Great to short)
2) If the price breaks through resistance prior to the intersection, we can expect extremely bullish behavior in the coming weeks, until the price meets the longer term resistance curve.