Replies to post #1323 on iPath S&P 500 VIX Short-Term Futures ETN (VXX)

[risk on]

Finished the day ambivalent. No clear charge either way. I think bulls will find some excuse TI step in and see this drop not as a danger sign, but rather an opportunity , but when sp gets to that double top point, IF IT DOES, best clear on out and have all the VXX and spy puts you can stomach. I still see a rise on the S&P moving toward that double top starting before eow, and approaching the double top by EoY, or very early JAN.

[risk on]

VXX about to slide, keeps failing to break ceilings, it's only got so much fight, and the bulls are streaming back into town here. Just pulled all my limits! I'm liking this chart set up for puts going into EOW.