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axelroark

Double Breakout Setup for Volatility Products

Short
iPath Series B S&P 500 VIX Short-Term Futures ETN (AMEX:VXX)  
axelroark  
AMEX:VXX   iPath Series B S&P 500 VIX Short-Term Futures ETN
Chart Patterns VIX CBOE Volatility Index VXX Inverse Head and Shoulders breakout
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chartpattern vix vxx inverseheadandshoulders breakout
VXX, VIX, TVIX, VIXY, etc all consistently banging against a descending diagonal trend line, meanwhile also printing an inverse head & shoulders pattern. A break above neckline or DTL suggests a massive move higher for volatility, which spells trouble for equities and indices.
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