XIV has backtested the white trendline as anticipated in April analysis.
Next, XIV should cool off with a dip at least to test mid-fork support. Whipsaws are expected to continue.
April 16, 2017 Analysis:
"XIV tested the orange channel support last week.
Next, a spike up is anticipated for XIV to backtest the white trendline. The spike up is expected to start gradually this coming week, and intensify as month-end April approaches."