VXX downtrend continuation

Short

iPath Series B S&P 500 VIX Short-Term Futures ETN (AMEX:VXX)

AMEX:VXX iPath Series B S&P 500 VIX Short-Term Futures ETN

Looks like VXX is continuing its downtrend as it has run into multiple resistance points and is forming a bear flag. With futures up and a positive reaction to Apple earnings vxx has a poor chance to break out with stoch already overextended and bearish divergence on RSI.

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