I just got into a position of $XIV as it was screaming at me to buy. The velocity shares daily inverse vix is showing some great risk/reward opportunities right now. As of today this is what the 6 month chart looks like.
I got in at $5.70 a share and project a $7 – $9 price target with the next couple of weeks. If you look at the chart you will see that it has never broken below $5, and with potentially good news coming out today with the FOMC announcement, watch for the ETN to go up a couple percentage points in a very short amount of time.