The levels of support and resistance
of the vxx
are 3x inverse the spx500
. So levels and trajectory are important as shown. The pitch fork upper and lower TL are valid until broken, and the break needs to be anticipated because there are hardly any head fakes since it is by nature volatile, it is the measure of the spx500
and markets volatility
. I see this as the C D leg of an ABCD
move up. Conversely, I see the spx500
on its own CD leg down to???