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CheelooTrader
Apr 19, 2022 2:43 PM
VXX - Shorts seems to be running out of steam
Short
AMEX:VXX
240
iPath Series B S&P 500 VIX Short-Term Futures ETN
Arca
Description
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Apr 19, 2022 2:43 PM
Early to say, but VXX is starting to diverge from the MAs...suggesting flag breakdown.
Still time to snap back above 24.5, but the downside risk seems higher now.
Keep your shorts lights until action is clear.
Trade closed: stop reached
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Apr 22, 2022 12:21 PM
As expected snapped back above 24.5 breaking the follow through trend. Hard rejection of ES at 200 DMA now gives the control back to the shorts.
Trend Analysis
Flag
VXX
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