Get started

VXX

VXX/VIXX looking for a breakout tomorrow?Update on my last two VXX ideas. So far everything is going to plan. As I thought, VXX is showing a "double bottom" in correlation to the double top formations showing in the S&P and NASDAQ. Looks like a wedge pattern and consolidating for a breakout. Should be one more small correction overnight or tomorrow morning before it breaks out. Using yesterday as wave 1, then a wave 3 could see a nice 15% upside. No clue what happens after that. FYI, this market likes to through a curve ball every time I think I have it figured out. I am feeling pretty confident right now after 1.5 months of predicting a down turn and looking a fool. So, time for the market to make me look foolish again ;) Hope this helps.
CBOE:VXX
by Dr_Roboto
VXX/VIX made a move to the upside as predicted BUT will it stickThe VXX made a nice move to the upside today as the wave analysis predicted. It is nice to be right once and a while. It has been quite a while since I made an accurate forecast for VIX. Now the question is will it keep moving up or will things calm back down again? I personally think the S&P and Nasdaq are headed for a moderate correction over the next few days and that should drive the VXX up more. However, I would not be surprised if we see some form of "double bottom" in the VXX before a more serious move higher. The RSI is showing a bull flag, so that is promising. However, I have been fooled by that before. Hope this helps and good luck
CBOE:VXX
by Dr_Roboto
2