Replies to post #2471 on iPath S&P 500 VIX Short-Term Futures ETN (VXX)

[risk on]

But, I do think this fall back is temporary and within a week or so, we could see VXX 20. I expected a sharp pull back after spy closed above SMA 50 yesterday, but I also by eod today we could see a long bottom wick on VXX daily candle , indicating selling cessation and a string move up coming. The gap up formed Wednesday still remains open, and ideally I would like to see it filled before the move up, but I definitely don't think it's necessary, and when the VXX wild crazy dog gets it's mind set on something , all rules are out the window.