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Reading the Tea Leaves...
Thursday, April 14, 2016
VXX Believes 3 Day Iron Grip Tractor Program to Force Channel Breakouts is About To End
While the tractor program that has been locked on the market for 3 days has been hugely successful in forcing the stock indices to break out of their restraining channels, the breakouts haven't gone very far and it begs the question of what happens next if the VXX traders are right with their chart indicating the tractor program may be about to be turned off.