iPath S&P 500 VIX Short-Term Futures ETN (VXX)

[risk on]

All things must cycle, as it has been as it will be again. Aside from that " deep thought " ( snicker ) , the techs are showing VXX bottom, as VXX had a chance to completely collapse Friday from its recent pop up, but held ground, and yesterday gave us a hammer candle, denoting the end of the Friday drop, now we need some confirmation, which would come in the form of a higher candle today. It doesn't have to be higher than Fridays open, but a decent move up from yesterday's close would set the stage for a move and close above 20, which is a clear line of R that needs cleared.