If this is becoming 3 circle of (3) then the next few days should be some of the most volatile in years. Long to 44 but cut your losses if it falls to 19. So you are risking 3.71 loss for a gain of 22.
ok...now...relable new intermediate low red (2)...
However, it appears that the decline from my marked 1 circle has just terminated in a 5; so it could be, since this also aligns with my long term SPY evaluation, that the next large jump in volatility is about to begin?...we'll see...I'm not as confident in my VXX analysis as I am in GLD and SPY