VXX LONG - VIX Volatility Explosion Coming
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The VXX is ready to explode to the upside. The S&P 500 is quite overbought when looking at many indicators and sentiment warning signs.
There is a clear Ending Diagonal (Bullish Wedge) on the VXX.
The VXX goes up when volatility on the S&P 500 goes up. The VXX tracks the VIX.
The last leg of the diagonal may be completed already and is poised to run higher.
The ranges on the daily bars of the VXX are very tight and this is generally a warning sign that the VXX will pivot to the upside decisively.
There is a clear Ending Diagonal (Bullish Wedge) on the VXX.
The VXX goes up when volatility on the S&P 500 goes up. The VXX tracks the VIX.
The last leg of the diagonal may be completed already and is poised to run higher.
The ranges on the daily bars of the VXX are very tight and this is generally a warning sign that the VXX will pivot to the upside decisively.
Note
VXX is breaking out right now.Note
VXX 18.83 this morningNote
VXX 22.80....TSLA MISSED.Note
another volatility explosion is upon us.
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