Get started
sushi_money

VXX breakout from curving downtrend

iPath Series B S&P 500 VIX Short-Term Futures ETN (AMEX:VXX)  
sushi_money Updated   
AMEX:VXX   iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX VIX CBOE Volatility Index shortterm midterm
3
3
vxx vix shortterm midterm
In July 2015 VXX broke out of a curving downtrend for a great return in about a week.

Now this past week it is continuing to replicate the same pattern held in 2015.

My thoughts are that it will drop to $12.80 and then spike to a possible $26.00 if it follows the downtrend drawn.
Comment:
Hope some of you guys were able to catch this/are able to jump in late.

BTW. The reason it looks like it gapped up on open is becuase there was a 1/4 split
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.