XIV: Before/After - Targets Reached!

XIV has reached the targets set out in July analysis.  A low should be near with a large bounce ahead into September.

The orange channel is clearly broken, but overall the XIV chart is still quite strong.  Volatility is likely to increase in the months ahead.     

Daily Chart:

Before:

July 16, 2017:

"XIV has been consolidating sideways, and the sideways move appears to be over or nearly so.  XIV is approaching long term resistance and volatility is likely to increase dramatically in the months ahead.

However, XIV is still trading within the orange channel, and a test of the upper channel may be possible before the channel breaks."

Daily Chart