This is an excellent bullish setup for XIV into early June. This week could be choppy with bounces up and down, and retests of the low are likely. Once it firms up and gains traction, then a spike up to the target zone is anticipated.
Little or no downside is expected for SPX this week, and a sharp rally is imminent for SPX into the same time period.
UVXY had a strong run and is due to retrace deeply. The June upside target and analysis will be coming soon.