tangman

[Observation] VXX holding above short term supports.

AMEX:VXX   iPath Series B S&P 500 VIX Short-Term Futures ETN
As a confirmation to my overall bearish equity view, VXX refuses to sell down below support.

Zooming in, today's bottom is also yesterday's high. Fractal nature of markets.

No position in VXX. I already took profits on the morning's pop. I am short other things like XLF and FB.

I think there will be follow through, but don't want to short the market into the weekend.

This is a great day to raise LOTS of cash into the weekend.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.