iPath Series B S&P 500 VIX Short-Term Futures ETNArca
Description
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Two day intraday breakout wedgie trying to get something going here. A break above declining trend line resistance targets 16.30-16.40. Trade it with caution. "First it giveth then it taketh away..."
Comments
imdp
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Never hit its target and fell apart this afternoon - breakout had no umf behind it. Interestingly, VXX is back at the "too cheap not to buy level" again.