VXX short prep time #5

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VXX short prep time #4 didn't happen since we didn't really get to the resistances. But we have satisfied the downside target as outlined in the idea. This means, we need to start looking for the next set of resistances.

In this case, I am actually going long VXX into the 34 resistance because of how the indicator is forming higher lows, while price is just hanging around. This to me, implies bullish behaviour

Of course, at the yellow resistances, I will start initiating short positions. But in this case, I am going small size since the broader markets seem to be in a pretty interesting position
註釋
This time, I am not as confident about further downside since we could well be making a pretty longer term bottom on VXX here (the C wave down on SPX -- as in my other chart)
快照
交易進行
Got to the resistance today
註釋
快照 aiming at 25.xx

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