XIV Makes New Lows As VIX Stays Elevated

By Mike Golembesky,ElliottWaveTrader.netLast week the XIV saw the largest price drop in over a year falling over 23% from the July 26 thHigh. After bottoming on August 10 ththe XIV moved back higher stalling out just under the 61.8% retrace level in what counted best as a corrective move higher.Since