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Dr_Roboto

VIX/VXX managed to stay above major resistance all day

iPath Series B S&P 500 VIX Short-Term Futures ETN (AMEX:VXX)  
Dr_Roboto  
AMEX:VXX   iPath Series B S&P 500 VIX Short-Term Futures ETN
Wave Analysis Technical Indicators Trend Analysis VIX CBOE Volatility Index VXX
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waveanalysis indicator trendanalysis vix vxx
The VIX managed to stay above its major resistance level for the entire day to day. That is a very bearish signal that it is ready to make a move. I would assume it may be a large move to the upside given the major trend line, wedge pattern, and major resistance line from February. Too many things in one spot.

Idee correlate

Dr_Roboto
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Dr_Roboto
VIX/VXX - Currently above resistance - Can it hold??
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