We are at an inflection point and I easily see VXX rising. Will not buy it though! ;) I will wait for short entry.
We might be able to see S&P 1490 in next several trading days. I do not think it is time to short and hold VXX.
How high do you think? I cannot see it getting back to the 32 area where it closed 2012. Maybe it goes to 27, 28? VIX to 20 in the next month would send VXX to 28 area.