Monday, June 10, 2013

VXX / UVXY

VXX and UVXY look like they're ready to get moving, which means the market should be moving the other direction.

Here's a look at VXX, again, there are no positives in longer timeframes so again, the move is capped, I'm not sure how far or how deep, but it is a move designed just to pull the bears in.

 VXX2 min is leading positive, it looks ready to break to the upside, remember it trades opposite the market.

3 min VXX is leading positive as well.

5 mins is about as far as it goes so there should be a good pop to the upside, but again it's capped, there's a reason for this move, to pull in bears, beyond that, there's nothing to really fear as far as our expectations go.

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