Wednesday, November 02, 2016

Volatility (VXX) Is Starting To Spark Into Life

I haven't posted much on Volatility ETF VXX recently for obvious reasons, but some of my long-term momentum indicators have started to diverge. In the short-term I've noticed that VXX has come right up to a critical channel resistance line while volume has been above average since August. It's a little overbought so perhaps a pull-back tomorrow but a renewed push to  that fourth resistance line just above $40.00 is definitely within the realm of possibilities.