AMEX:VXX IPATH S&P 500 VIX SHORT-TERM FUTURES ETN
see chart for notes. Last October was the little sister to ( potential) this ABCD structure. The timing of the 200/50 MA cross over is almost exact to last October's. Everything lines up, just bigger this time. But, EVERYTHING depends on the FOMC rate decision, as to whether this completes as shown OR NOT.
If I knew for sure, I would not have to trade anymore, but... when I see the vix up and markets actually up a bit, I see that as a worried market, getting more anxious before the fed decision. I think the big money is trying to take positions, to be right, when they are also trying their best to get inside info on which way this will go. so I bought some more vxx today at the low of this morning's trades.