Yes, the decay over time is god-awful on TVIX but over shorter time periods, such as the weeks or just a few months where those divergences formed, the same divergences show through on the $VIX. Also, keep in mind that you can trade the $VIX directly, only via proxies such as TVIX or $VIX futures, hence the price targets on TVIX.

Finally, I always look at the chart of $VIX when analyzing TVIX and I decided to post the setup since not only do they both have positive divergence on the daily time frame but they are both pushing up against downtrend line resistance as well (with a buy signal to come on a solid break above the downtrend **IF & WHEN** we also have decent sell signals on the equity market at the time. Here’s my $VIX chart.

Sure however it breaks that long term downtrend channel there is a good chance it could really run. Randy tis is not the 1st time they step in and drive it down right at the top of that channel. Been watching this a while now thanks for the heads up!! ^Tim Cook must be trading his stock again today!!