tangman

[Observation] VXX holding above short term supports.

AMEX:VXX   iPath Series B S&P 500 VIX Short-Term Futures ETN
As a confirmation to my overall bearish equity view, VXX refuses to sell down below support.

Zooming in, today's bottom is also yesterday's high. Fractal nature of markets.

No position in VXX. I already took profits on the morning's pop. I am short other things like XLF and FB.

I think there will be follow through, but don't want to short the market into the weekend.

This is a great day to raise LOTS of cash into the weekend.
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