The reversal will come when least expected, and the wait is the problem trading these things. I have recently been holding some Tvix and the fed's involvement is keeping the unstability at bay longer than expected, but the market always trades its way thru it eventually. I can see Tvix trading maybe down to 12.50, but things will change because they always do. At this point, stick with a strategy if possible, and not look at dollar losses.
IMO, it will be to late then...I do not think we get there!!!!
I believe we are topped out now...we might get to 1255 - 1266, but that's it! Somewhere between there we will top out and drop quickly. Wait for the drop to confirm and then buy....Plenty of downside once the reversal is confirmed.