Twice in the last year this has created very clear descending wedge patterns (bullish reversal) that break with heavy volume following a tightening range. I'm waiting for the next one to form.
A slight bullish divergence in the RSI suggests we may be heading to higher VXX in the future. If this third wedge forms, the breakout could mark the right shoulder of a head and shoulders pattern on the S and P.
A slight bullish divergence in the RSI suggests we may be heading to higher VXX in the future. If this third wedge forms, the breakout could mark the right shoulder of a head and shoulders pattern on the S and P.