XIV formed the high in November at the price and time as anticipated according to the model.
Since November XIV has declined in a matter consistent with the model, and is approaching the price and time identified for a major low according to the model. The measured target has very nearly been reached and major turquoise support is just below.
This bottom is anticipated to be a major bottom with the model showing strong upside ahead.
The SPX Cycle bottoms January 13th, 2016 which is also consistent with this analysis.
October 8, 2015 analysis:
"Overall XIV should rise to test the September high. A November high for XIV is
1997 Hong Kong Hang Seng Crash: