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Trader_Kaji

Trade Idea: Long VXX @ 53.00

Long
iPath Series B S&P 500 VIX Short-Term Futures ETN (AMEX:VXX)  
Trader_Kaji Updated   
AMEX:VXX   iPath Series B S&P 500 VIX Short-Term Futures ETN
Trend Analysis Chart Patterns trade IDEA VXX TVIX VIX CBOE Volatility Index
4
3
trendanalysis chartpattern trade idea vxx tvix vix
Throughout this short term reaction bounce yesterday and today, volatility indexes have stayed relatively strong. VXX had a deep gap down on Tuesday but started to trend higher with the market indexes. Today VXX closed green with market indexes. As the short term trend on the market indexes seems to be terminated, I believe as markets start to retest lows, we could see VXX retest highs in the near future.

Long @ 53.01
Stop loss @ 47.25
Target @ 70-75 but start scaling out at 60
Comment:
snapshot
Updated look on VXX. Looks good above 51. Stop loss at low of this current consolidation. I would wait till Monday for confirmation.
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