iiiPath Select MLP ETN
28.87USDR
+0.07+0.24%
At close at Jul 11, 20:10 GMT
USD
No trades
ATMP trade ideas
VXX - Volatility Returning?Looks like it to me. After the huge spike VXX has consolidated in a flag pattern at the golden pocket that looks ready to go higher. This could be the week that things start to reverse course for the overall market. MACD and RSI looking favorable. Watching this very carefully.
VXX - Back in Falling Wedge Failed Breakout? Building momentum to eventually break out? Not sure but back in the wedge, combined with the resistance the S&P500 just broke (island reversal from recent times negated), it’s looking like some gaps will be filled downwards. Still looking for 23-25 for a bounce.
The Battle of the VIX 7/11/2020This is the VXX (ETF for VIX Futures) at the 4 hour view. The green line acted as support back in February when the crash happened. The top two candles then formed a resistance line ever since. I have the end of this triangle in the middle of next week. This battle isn't over yet. If the wedge breaks to the upside, then volatility may be back in the market.
As soon as I connected these dots, I saw a correlation of why Credit Suisse decided to delist TVIX. If this breaks to the upside, Credit Suisse would be paying so much money for TVIX...
VXX (VIX Futures ETF) 7/9/2020This is the VXX at the hourly. The VIX has been stuck between a downtrend resistance and an uptrend support. This wedge may end either tomorrow afternoon or Monday.
VIX is setting up a pattern for a possible breakout. I am saying that because I see a bull flag pattern at the hourly now.
