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

[risk on]

I wouldn’t be dejected due to today’s candle, because believe it or not, it’s an overall positive for any wanting to see VXX move Up. The base / bottom held , after SPs miracle run back up , and two upper wicks in a row is showing VXX desire to “ do something “ . Most important thing to preserve the set up is for that base to hold , IF ( BIG IF ) VXX can maintain base , it will only solidly the potential for a nice move up.