Extremely Bullish Pattern (VXX)
Submitted by SC on Mon, 06/25/2012 - 04:05
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Whereas there was excessive fear surrounding the Greek elections, now complacency is much too high with a shaky market. A spike in volatility, or the VIX, can result when complacency is high. The bullish wedge pattern for VXX is well defined, and a breakout would be extremely bullish in the near term. A test of the white trendline is possible next.
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SC you are on the Money
Submitted by Stockmaster3 on Tue, 06/26/2012 - 03:15.You were completely right with your prediction yesterday (Sunday). Sure enough the VXX jumped 8% today, a very nice gain.
VXX CHARTS