axelroark

Double Breakout Setup for Volatility Products

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AMEX:VXX   iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX, VIX, TVIX, VIXY, etc all consistently banging against a descending diagonal trend line, meanwhile also printing an inverse head & shoulders pattern. A break above neckline or DTL suggests a massive move higher for volatility, which spells trouble for equities and indices.

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