Kumowizard
Long

One swallow doesn't make a summer...

AMEX:VXX   IPATH S&P 500 VIX SHORT-TERM FUTURES ETN
88 0 3
Nor does one spike mean an immediate reversal in a trend. But it means beginning of something!

- For example on the weekly chart last friday volatility spike means Heikin-Ashi candle body shrink = further loss of bearish momentum
- Daily builds bullish divergences further.
- Price tested Kijun once. Kijun is lower: 17,275 is the key level to watch. A break and close above Kijun can accelerate buying ( volatility spike) upto 20+
- ATR is still very low

I doubt we'l see a lower low. I think next test of daily Kijun will be succesful, and we'll see VXX             going higher.

I still hold my 0,5 unit long.
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out