May 29, 2018
Here is the latest zoomed in 1 hr chart on VXX (iPath S&P 500 VIX ST Futures ETN).
Just last night, I published this 2 hour chart on VXX (iPath S&P 500 VIX ST Futures ETN).
https://steemit.com/money/@phisight/volatility-is-signalling-an-increase-around-the-corner-vxx-price-indicating-that-indices-may-be-close-to-a-local-top
which I said was indicating that a turn down in the S&P 500, and an increase in volatility, is close at hand.
A turn down in S&P 500 and a sharp rise in volatility is what we saw this morning. The charts indicate that VXX will likely double and could even reach 85-90 range.
STOPS are a must always for no one knows FOR CERTAIN what might happen tomorrow -- these expectations are all based on standard patterns but predictions can always be wrong and a trader must humbly accept that uncertainty and while take positions, always limit one's losses so any one bad call will not be too dangerous to one's account.
Hope this analysis was/is/will be helpful!
Note: you can right-click and open charts in new tab to see them at full size -- they are quite large and clearer when expanded.
