VXX update
Courtesy of Allan
Look how nicely the shorter term trend models for the VXX picked up on this decline, from late Wednesday into trading on Thursday:
The double bottom on the Daily chart at about 25 on the VXX looks to be a key level for the markets going forward. If 25 holds, it could become a catalyst for further strength in the VXX, which would not bode well for further market rally. The bear case is alive and the next few weeks should reveal all.
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