Vix chart pattern looks a lot like August, which implies to me that a 1-2 week correction may be starting here. But, that doesn't mean VXX is going to spike very far. If anything it may peak around the top bollinger band, or when spot vix gets to the 50 day ema area. Probably not a big move coming, just a run of the mill short term pullback.We'll see. Macro environment looks no different.
i'm wondering which would be better for vxx/tvix? a soft landing over 2 or 3 months, or a crash landing lasting 3 to 5 days. either way the market probably hit it's 2011 high yesterday. Austerity will be the headline hereforth with the new congress.