iPath Series B S&P 500 VIX Short-Term Futures ETNArca
Description
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3D VWMA (60) has been tested only once since Sept 01, 2020 and it retraced on Dec 02, 2021 (market with arrow)
Negative divergence on the price.
All suggest months of pain ahead - UNLESS it is rejected and they keep smashing VXX below 26.
Trade active
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3D Candle closes today, so I would until confirmation for the direction. Relief rally could turn into short sqeeze and pummel VXX. Doing nothing is best course for next couple of days.