AMEX:VXX   IPATH S&P 500 VIX SHORT-TERM FUTURES ETN
6 0 1
While a flat is still possible, VXX             faces 10% contango. Targets for the next move are in the low 15s as far as high 12s, regardless whether another brief rally in (iv) takes hold. The channel shown does not necessarily need to be respected, but may be a guide to the path lower.
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