You don't hold TVIX long term. You use it as a hedge, or a way to play short term declines. It erodes because it buys VIX futures, then sells, and because the next contract is usually more expensive, it loses money. Technical analysis should be applied to the SPX, not the actual TVIX, although intraday you can use support, resistance, triangles. Sometimes the supports on the daily work in the right circumstances. You made a nice call, but your problem was that you held
Simple strategies are often the best although i don't personally use intraday signals, nice clear analysis, thank you. It might help if you stick RSI 9 on your chart on the 4 hourly, you can backtest the results yourself with the crossovers, best wishes Robert
tlake412
⋅
@marberisking, Thank you very much for your insightful advice. I will look into it and backtest with the strategy. Simple is sometime our best strategy I agree :D