Huge Upside move in VXX coming
Look for a huge upside move in the VXX during the next 10 trading days. The largest portion of the move is likely to occur during the last few days of the run.
VXX for a very long time has almost been a guaranteed short downtrend type position. But now it is time for a significant reversal to the upside that will surprise.
This forecast for 27 may be conservative. 27 is likely the first peak. Assuming a decline in broad market into October 1, 2015, then we may say VXX at 45 by October 1st 2015.
VXX for a very long time has almost been a guaranteed short downtrend type position. But now it is time for a significant reversal to the upside that will surprise.
This forecast for 27 may be conservative. 27 is likely the first peak. Assuming a decline in broad market into October 1, 2015, then we may say VXX at 45 by October 1st 2015.