VXX - At crossroads

• 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.

Zlecenie aktywne:

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.