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.
Long VXX is dangerous imo given VIX contango. Aggressive longs need to actively manage stops imo.
