VXX - At crossroads

iPath Series B S&P 500 VIX Short-Term Futures ETN (AMEX:VXX)

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AMEX:VXX iPath Series B S&P 500 VIX Short-Term Futures ETN

trendanalysis vxx direction

Up against the trendline resistance that has acted like a wall going back to March 2021.
Break on either side should mark a key direction change in the market.
If it can't move above 24.31 soon, growth stocks and indices will rally (atleast for a short time)

Takeaway: look for bearish signal on 4H before flipping side. Trend break should present great long opportunities.

Dagangan aktif:

another test of 26 and failure would actually confirm this as the bottom...rallies can be huge, but broken charts don't correct in a few days. Watch for tightening in oversold names for upside.

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