So with SPY near monthly strike peg of 204.5 and weekly at 209 i feel like there's some room for a bearish retracement in VXX . Gap fill might be too deep, but we want to fake reward here to be more confident about our mistake. Yes, i'm joking.
Trade closed: stop reached:
Quick and painless. No Asset Managers yet doing the 3:30 ramp, so no VXX hammer either. I will be watching VXX for another short opportunity.