The "Trump trade" is coming to it's end.
It is early, and the overthrow will take time to play out. The parabola, of course, will end very badly. Complacency is extreme, and that is foretelling of a massive drop ahead during the next 1 year timeframe.
Long term support for XIV is at $30.
March 3, 2017:
"The movement in volatility is unprecedented. XIV has broken above channel resistance, and is configuring into a parabolic melt up.
Complacency is going parabolic which ultimately is extremely bearish for the S&P 500."
Parabolic XIV 2017 Model: