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Yakob
Feb 2, 2014 6:01 AM

Upside is limited. Reversal Candle  Short

iPath Series B S&P 500 VIX Short-Term Futures ETNArca

Description

Fear will plunge soon. UVXY, VIX
Comments
imdp
Don't see many hammer top reversals in VIX/VXX. Important that it held the breakout above 48 into the close. Not saying you're wrong, I just see a few different tells in the equation. Appears to target 56 next in my book. Very unusual behavior for VIX compared to the last 5 years.
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