Boing .... 

something  I watch

Almost hit 50% today ...  question is, are all those dip buyers hold for the weekend? Are bag holders will look for a stress relief and dump into the close ?  we shall see ....  

Rising Wedge has been fully retraced ... now the weekly is showing a nice hammer right on support. 

All coiled up ...   

Like you said a_l_  ... thx !  

extract from the prospectus of an ETF I trade sometimes ... (HVI.to - Inverse Short Term VIX)

The Underlying Index operates by, on a daily basis, selling VIX Futures Contracts with a nearby settlement date and purchasing VIX Futures Contracts which settle on a later date. The roll for each contract occurs on each business day of the Underlying Index according to a pre-determined schedule that has the effect of keeping constant the weighted average maturity of the relevant futures contracts. This process is known as “rolling” a futures position. The constant weighted average maturity for the futures underlying the Underlying Index is one month.

Not an expert in this, but Look at the website of the issuer, some ETN use the short term VIX as underlying, and they do aggressive contract rolls ... that alone eats up quite a bit, then look at the contract currently actives and check the spread  ... if they are in contract rolls, this will skew the ETF on something as volatile as VIX the past few days 

We are still VERY early in the week, and in this environment, things turn on a dime ... but so far, this leave a very interesting "Hammer looking" candle on the weekly at support ...  

really screwed up many charts...  when Skynet was in charge of the open,  it created some seriously wicked candles on a 1-2-3 minutes charts ... not counting the ones that didn't trade at the open.  There was some serious G-Force in the morning! 

like starting a camp fire  with gasoline  .... wooooffff   :D 

Keep that in mind ...