AMEX:VXX   iPath Series B S&P 500 VIX Short-Term Futures ETN
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The SPY is working a symmetrical Triangle and it is coming closer to its apex, which will require a breakout. VXX is reflecting that SPY action in it, also. The gaps after the broken short term TL are evident. The DIFFERENCE IS yesterday could be the gap this time, happening where VXX does NOT break its TL this time, and bounces way higher (and if SPY breaks below 1966.6 watch out) , or just repeat. Today's VXX premarket dip may not last long. Time to decide, SPY up or down break out? This dip may be the perfect time to load up and go short or long VXX. Hearing talking heads 50/50 either way, reflecting chart consolidations everywhere. I've held my VXX long positions, adding to them, but what do I know.
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