Just my opinion and again new to the game.This market is so manipulated one can throw charts,indicators,etc.,out the door.The economy is so fake,no one can tell.One day we go back to reality and then all heck will break lose.I am long on vxx,so I just have to wait until who knows when the playing field is level.I hope any way.Good luck all.Enjoy the long weekend.
If you stop to consider that VXX is being used as a form of insurance, it appears that sentiment is turning towards the notion that the market is getting tippy. So even as the S&P breaks records, which should mean VXX heads down (if I have all this correct after a couple days pondering), VXX is being bid up (albeit slightly) because there are some green shutes of doubt appearing. Pardon the paradoxical metaphor. I am surpised that gold hasn't held confidently over $1600, but there has been so much bearish sentiment around it lately, perhaps I shouldn't be. OTOH, if we begin to see gold hold gains next week inspite of the bearishness, could be a harbinger of more tribulation for the global economy.