Volatility to break out ?

A look at the daily chart of VXX (The S&P 500 VIX Short-Term Futures™ Index TR is designed to provide access to equity market volatility through CBOE Volatility Index® (the “VIX Index”) futures)

  • 3 higher lows set in the last month
  • testing the 50d MA
  • rising volume
  • Breaking that 50d MA could give clear direction to the S&P 500… down

 

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