Here’s an update from Allan on the VXX chart, showing a shorter-term chart on a buy signal and suggesting a possible new buy on the daily chart soon. – Ilene
VXX Trend Models
Courtesy of Allan
Below is the VXX 480 min and Daily charts. The 480 minute chart, by its construction, is a good precursor for new Daily chart signals. In this case, its suggesting an imminent Buy on the VXX Daily @ 28.35, which would be a negative signal for the general market.
VXX 480 Minute Trend Model
VXX Daily Trend Model
Allan’s “Trend Following Trading Model,” is based on his trend-following trading system for buying and selling stocks and ETFs. Most trades last for weeks to months. Allan’s offering PSW readers a special 25% discount. Click here. For more details, read this introductory article.
