claydoctor

VXX Volatility returns , updated chart

Long
AMEX:VXX   iPath Series B S&P 500 VIX Short-Term Futures ETN
3
I hope you all got some VXX, even not as play but at least as a hedge last week and this week. Updating a previous chart. We meandered at the base after he completion of the HS a day or two longer than expected, but here we go again. Thank you jobs report. Noting these little rounded top formations right before the dips in the SPY. And this (blue) one is bigger than the former ones. Note also the days to complete the first legs up in the triangles in the VXX moves. Seeing a lot of posts calling this past peak in the SPY "THE LONG AWAITED TOP", and if so that can only magnify the profits of VXX here for at least the next week or longer. Side note: The FED does NOT want to raise rates because they will have to pay more out in social security and mortgage rates will rise, squashing the feable attempt at reviving the housing market. Even if the employment and wage "data" warrants a raise sooner, which Friday's dip represents, they will delay because of the other less discussed isues (for political purposes, they need a bull market to get the dems reelected or Hillary fails once again). IMO
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