Kumowizard
Long

More trouble ahead! Pull back to 15 - 15,50 can be a buy!

AMEX:VXX   IPATH S&P 500 VIX SHORT TERM FUTURES TM ETN
210 0 6
Ah, just after three days selling in SPX             , and here come the prema bulls telling us why it is again, for the third time this year is a "life time buying opportunity" .... well, it is... just probably not in SP500             , but in the VXX             volatility ETF! :-)

I see more trouble ahead. Here are the technical signals:

Daily:
- Ichimoku setup is still neutral, but WATCH forward Kumo twist --> Bullish Senkou cross! Bias is bullish . Chikou Span (lagging line) is above past candles -> weak bullish . Tenkan/Kijun -> weak bullish
- Heikin-Ashi is bullish
- EWO             back to bullish zone

4H:
- Ichimoku setup is bullish . EWO             is bullish .
- Support zone is 15,00-15,50
- Heikin-Ashi shows some loss of momentum, price may retest to 15,50 +/- support today or tomorrow.

In cae             of a retracement, look for buy signals in the blue rectangle zone!



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