Warning: Following my trades may be hazardous to your financial health. See Disclaimer.

Friday, February 17, 2012

VXX 60 Minute

It's not good that the up-trend line was broken yesterday, but VXX found support today at the Fib 50 level and the 50 MA on the 60 minute chart.  The majority of the recent explosive volume was above the 25.75 area.  In addition, the fact that MACD is close to being reset and STO is close to being oversold, should 25.75 area gets visited, I will be buying with both hands.

No comments:

Post a Comment