$VXX looks like it's about to explode higher
Updated
So far the selloff has been pretty orderly the entire year and trying to play volatility hasn't worked. I think that's about to change.
VXX has been consolidating in these two channels and looks like it's about to explode higher. If we can see VXX get above $21 or so, I think we're about to see a huge move in VXX. Similar to what we saw in March 2020.
I've marked off key levels of resistance on the upside. Let's see if it plays out over the coming weeks.
VXX has been consolidating in these two channels and looks like it's about to explode higher. If we can see VXX get above $21 or so, I think we're about to see a huge move in VXX. Similar to what we saw in March 2020.I've marked off key levels of resistance on the upside. Let's see if it plays out over the coming weeks.
Note
Alright, looks like price is starting to finally move higher. $392 breaks on SPY and VXX should spike.Let's see what happens over the coming days.
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