VXX breakout from curving downtrend

iPath Series B S&P 500 VIX Short-Term Futures ETN (AMEX:VXX)

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AMEX:VXX iPath Series B S&P 500 VIX Short-Term Futures ETN

vxx vix shortterm midterm

In July 2015 VXX broke out of a curving downtrend for a great return in about a week.

Now this past week it is continuing to replicate the same pattern held in 2015.

My thoughts are that it will drop to $12.80 and then spike to a possible $26.00 if it follows the downtrend drawn.

評論:

Hope some of you guys were able to catch this/are able to jump in late.

BTW. The reason it looks like it gapped up on open is becuase there was a 1/4 split

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