Arive.Dylan

VXX breakout from curving downtrend

AMEX:VXX   IPATH S&P 500 VIX SHORT TERM FUTURES TM ETN
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
Hi Dylan Vxx hit 12.86 today. Still following you chart so far. Any new thoughts on Vxx at this point. I'm looking to close a busted trade... 16 would be great w profit too. Lol. I'm using the Spx as a general guide for market direction and think we are in a down trend. Thanks.
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Arive.Dylan Fitzndahyouwz
My thoughts are that it has hit its bottom or is very near and will follow a sideways trend for 3-6 weeks and then breakout.
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I'm hoping today's close of 13.81 is the bottom. After hours hit 13.5. Thanks for chart.
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