Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Thursday, December 31, 2015

VXX Flirting with Huge Channel

The VXX (VIX short term futures ETF) broke out of its Fall downtrend line a couple of weeks ago and is now flirting with the huge red channel going back to January 2014.

If the VXX reenters the red channel and finds support on the top side of the lower line the broad market could have a real problem.

Trade well my friends


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