Not going to trade this! Just posting it to look back at later.
I noticed that the spikes in volatility appear to happen with the same amount of time between spikes. After the spikes, the decent appears to have the same slope (which makes sense given the decay in this product). Using Fib retracements, the spikes reach and turn approximately around the 0.382 level. If this pattern holds (don't know why it would) this would mean VXX declines to ~12 and around Nov 30 we would see a spike to ~20.
I noticed that the spikes in volatility appear to happen with the same amount of time between spikes. After the spikes, the decent appears to have the same slope (which makes sense given the decay in this product). Using Fib retracements, the spikes reach and turn approximately around the 0.382 level. If this pattern holds (don't know why it would) this would mean VXX declines to ~12 and around Nov 30 we would see a spike to ~20.