AMEX:VXX   IPATH S&P 500 VIX SHORT TERM FUTURES TM ETN
24 0 0
Red path remains my primary expectation. This is no time to enter new shorts here. Great time to take profits on existing VXX             shorts, (or XIV             longs). Better to wait for 3-wave             up into the resistance region of minute wave iv on new positions.
Long VXX             is dangerous imo             given VIX             contango. Aggressive longs need to actively manage stops imo             .
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