axelroark

Volatility preparing for next launch

Long
AMEX:VXX   iPath Series B S&P 500 VIX Short-Term Futures ETN
$VXX, $VIX, $TVIX, etc all consolidating above 20/50 dma + 55ema. Very similar pattern to prior 200dma test and breakout patterns. Short if 200dma fails. If we breakout, sell before the 200dma backtest, and enter once it finds support there.

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.