This is a tricky one as futures expiring every month, hardly can rely on a chart but I use the continuous contract to plot some level to KIV. Price bounced off 2.30, would be a great entry again if it come down to test it again.
Dotted black line -- rejection areas
Red Line -- projected target price (if trending upwards strongly). Black line is relevant for TP too
Dotted black line -- rejection areas
Red Line -- projected target price (if trending upwards strongly). Black line is relevant for TP too