Use VXX to figure out direction of the market
Updated
Use the VXX as a tell instead of buying blindly. Time the buys/sells using VXX. Much safer to buy stocks when volatility is dropping.
Note
3 PM 3/29. SPY at 265 and VXX at 47.20, just below trendline.Note
Short term uptrend over, now consolidating sideways. VXX tight between 48 and 50. Should get a real move on a break of either side. Resume uptrend or breakdown.
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