VXXB Preparing for Launch

Many bears are wondering when/if the sell will come, and while it's still unclear we'll re-test the 12/24/18 lows, a retracement to $SPX | $ES_F 2650-2750 would be healthy in order to continue moving beyond 2018 highs.

Looking at the $VXXB chart we can see similarities in price action, and in the RSI, to what we saw October->Dec 2018. If this theory holds, we can expect volatility to increase once $VXXB finds support at 26'ish, and launches back into the 30's near Good Friday/Easter.

This theory fails if price drops and holds below 26.


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