why not??? 16.18 is a gap fill for tvix.....so if these numbers fit tvix then I am assuming you think it sinks to 15.28 ..........possible of course........but I doubt this gets much lower than filling the gap...might overshoot.......only time will tell
it is a directional ETF and it is in the same direction for next couple if sessions. It will be trading 6 full sessions near 14 to off-set all buys earlier this month. and visit new trading range between 10.82 - 13.75. JMO.