My opinion and my $$$ still says there is plenty of buy side interest in RVX....and that the low volume isn't the result of a lack of demand, but rather due to a lack of supply.
Today's volume of 8,725 on 29 trades means the average buy/sell was for 300 shares, in other words less than $600 per.
The volume on July 31st was just 7,966....on 24 trades.
Its the patience game for longs as I see it...and longs already know about the pending inflexion points heading our way in the coming weeks and months.
One note on the chart....the 50 dma is trending slightly down, while the 200 is still moving higher. But the 50 is getting close to falling below the 200 which would represent a death cross, which is bearish.