AMEX:VXX   IPATH S&P 500 VIX SHORT TERM FUTURES TM ETN
39 5 1
SIMPLE DIVERGENCES - MID 30S COMING
S&P will bounce soon. Now is not the best time to go long VXX.
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TB11741 PRO JohnKeverich
Appreciate the feedback. looking for a quick trade to the mid 30s / would like to enter 30-31 level
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TB11741 PRO JohnKeverich
what levels do you see a bounce for the S&P ?
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The bounce will be attracted to 8 EMA, so that's at least 2030 in SPX. A close above 8 EMA, and we could hit new ATH.

The bottomline is that VIX can correct a great deal, before/if it goes higher.
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TB11741 PRO JohnKeverich
As in any trade, all outcomes are possible, so I understand your points. They have also made me more aware.

I do feel however the market will be hit harder from any neg news out of Greece. Also headline risk high. Being aware is being prepared, Cheers !
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