TUESDAY 02/21

[theMist]

If VXX decides to keep within that counter-trending white channel to get out of this freefall -- I'm okay with it.   There's plenty of wiggle room within it.
Just have to be careful it doesn't shoot into a steeper rising channel (like S&P is currently in - lol).  As long as VXX maintains normal support/resistances and acts appropriately -- we should still be able to make $$ trading them.

So far looks like white channel is holding and VXX looks like it wants to backtest the red descending channel line from above it now.


pic upload

[theMist]

Feb 22, 2017 8:12:00 GMT -5 walnut said:

Yes I am charting, have not sold anything yet

I would like to see VIX SCAMs trade normal again.  Yesterday, they traded 'broken'.   And that has been a bad trade all along (going long VIX SCAMS, Hedging, etc.).

We still have the S&P 2460 target and just a question if we pullback now before hitting it OR we shoot up and hit target without pulling back / back testing.

[theMist]

Don't be scared to take another stab at shorting VXX -- just keep it small if your shy after yesterday's one day anomaly.  IMO

They should close the morning gap and should make for a good scalp.  IMO  What they do after that we'll have to chart out...

I'm going to start posting over at today's thread