Markets have been on a steady rise and the same can be said for Inverse Fear ETF (XIV). Below looks at Inverse Fear ETF (XIV) since the lows in 2011.
CLICK ON CHART TO ENLARGE
What a difference a year can make! One year ago this week, XIV was testing rising channel support, as relative momentum was hitting levels last seen at the 2011 lows.
Joe Friday; Just The Facts; One year later, XIV is testing dual resistance at (1), with momentum hitting the highest levels in history.
This is not a place that the risk on trade in XIV wants to see selling pressure come forward.
