Markets have been on a steady rise and the same can be said for Inverse Fear ETF (XIV). Below looks at Inverse Fear ETF (NYSEARCA:XIV) since the lows in 2011.
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.