Replies to post #2084 on iPath S&P 500 VIX Short-Term Futures ETN (VXX)

[risk on]

"Please provide some reasoning", there's no reasoning w this rabies infested beast. However, there are general ( very general ) patterns of bottoming ( ever flattening candles with doji like wicks ( upper and bottom )that VXX has previously shown, currently it is exhibiting those signs. That said, it has shown a similar look before and dropped further. I think with all the gaps below now filled, the general pattern showing true, and SP over bought on virtually every fractal, the chances of a pop are elevated, but that's just a guess.

[TheWallStreetPoet]

Futures tomorrow night will tell the tale.

Heck, they could use the downfall of the coup as a excuse to rally the snp further; "no such thing as bad news" these days.

However, I think we will see the Vix touch 13.40 Monday and move higher as earnings are released through the week.