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ZIV - a bellwether worth watching

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I posted a bullish count of this short volatility etf back in December that presented a bullish view for stocks generally. However, it doesn't seem to have taken off as I thought and to me is looking a tad corrective, so I started looking for some alternative counts. These are two of them, one still offering a bullish progression while the other (surprise, surprise) is very bearish.
Nota
Yep. The chart will always offer clues if you care to look.
I still reckon this is a 4th wave correction with more upside to follow....deeper correction first though.
syot kilat

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