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

[risk on]

Well, the chart is playing out as stated possible yesterday . The only " flaw " on the daily is a lil upper wick left by eod, eow, eom, and eoy knee jerk buying on indices. I say knee jerk because all indices show the exact same pattern at the very eod , and there was no line of support that they all mysteriously bounced off of. So , I think the pattern is in tact.

Also, one more chart pattern noticed for VXX is a classic hook formation on the daily now , the same form that has been a precursor to some wild rides . Not saying that " will " happen , just an observation at this point .