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VXX update

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:

60 minute
 
 
240 minute
 
 
The extent of the decline may very well rest on the Daily chart:
 
Daily
 

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. 

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.

 


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