AMEX:VXX   IPATH S&P 500 VIX SHORT TERM FUTURES TM ETN
86 views
1
86 0
Good day folks,

Looks like the market wants to go up. Is it going to last? I don’t know, but from what I can see on VXX , the pain is not yet over.

Basically, if this H&S materialize, the market could go higher for the next 2-3 days, then making the right shoulder would bring it lower. Pretty much flat for the next few days until next week, then we could see more movement on either side.

I’m a little bit late imo to trade the head drop in VXX at this time. I prefer to wait and trade the right shoulder both sides.

*Keep in mind that the last H&S in VXX did not sell, so better to wait for clear movement.

Thank you,
Comment:
With the rally we got after the Fed speech, i think it is most likely that VXX drop further, around 34, and make a smaller right shoulder. Anyway, pure speculation at this point. I'm gonna update once we have a reversal or cancel.
Trade active: Right shoulder in the making.
Comment: unless the market starts selling, there will be no right shoulder.
Comment: Finally some signs of weakness in the indexes. For tomorrow, I think the indexes will be going down for the first 2 hours, then go back up for the next 2-4 hours. I think the best time to be long VXX would be between noon and 2. We will see.
Have a good evening,
Trade closed manually:
This is it; this was a small shoulder...
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out