Trade Idea: VXX

VXX Continues to Look Good. I'm going to open two tracking positions, but treat them as 1 for sake of risk management. Half the position size will be VXX long, this is for more of a trend trade in which I don't have to be too concerned with trading around corrective moves, etc. and it makes it a bit easier from a risk perspective to capture a longer term trend.

The other half, rather than just a speculative VXX position which is what I first considered, will be a half size June 19th call position with a strike of $19. I'd consider even going longer on the expiration if it weren't for the long equity position.

Here's a look at the charts again, they did not deteriorate after the minutes, in fact unlike the market which would not confirm the "spoofing highs", VXX put in a positive divergence at that exact same place when the market was making its intraday spoofing highs.

 VXX 1 min intraday with a positive divergence at the afternoon, post minutes lows.

VXX 5 m

VXX 10m

VXX 15m

VXX 60m