Trader_Kaji

Trade Idea: Long VXX @ 53.00

Lång
Trader_Kaji Uppdaterad   
AMEX:VXX   iPath Series B S&P 500 VIX Short-Term Futures ETN
Throughout this short term reaction bounce yesterday and today, volatility indexes have stayed relatively strong. VXX had a deep gap down on Tuesday but started to trend higher with the market indexes. Today VXX closed green with market indexes. As the short term trend on the market indexes seems to be terminated, I believe as markets start to retest lows, we could see VXX retest highs in the near future.

Long @ 53.01
Stop loss @ 47.25
Target @ 70-75 but start scaling out at 60
Kommentera:
Updated look on VXX. Looks good above 51. Stop loss at low of this current consolidation. I would wait till Monday for confirmation.

Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.