VXX Protection Containing Damage During Dec Expiration Exodus

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 21, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    VXX has climbed into my next optimal target zone in the vicinity of 2150/80 as the major indices press lower into the afternoon of Quad Dec Expiration Friday. It is anyone's guess if current direction will continue right through today's close. It is with that in mind, that I raise my protective stop in VXX to 19.87 Intraday from 18.68 Close Only. The Model Portfolio added the second long VXX position at 20.25 on Dec 16.

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