VXX Long opportunity Long

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

Description

⋅ Aug 20, 2020 2:04 PM

This pair moves inverse to the US Stock market.

1. Hit a daily support level
2. 78.6 Fibonnaci retracement
3. S&P 500 is almost at it's D Extension.

This has the potential to make a nice move to the 1.18 D Extension.