Monday, February 27, 2012

VXX Update

The VXX/VIX (which have an inverse relationship with the market) look like they're gearing up for the next leg up...

 There's a positive divergence on the VXX pullback from the market bounce, it looks like it's gathering steam for another push higher.

The longer term VXX chart (30 min) with a leading positive divergence at a double bottom.

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