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Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns:
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To: The Ox who wrote (5422)1/17/2018 12:01:41 PM
From: The Ox   of 8239
 
We got the $2 move in VXX, from a low around $25.60 to a high of $27.91 earlier today. You can see how fast VXX falls in the past 2 days after a decent move. My guess is the main play by the algos and hedge funds hasn't changed, that is to short VXX and stay long XIV.

Eight days ago:

I do expect a pop relatively soon...in fact the setup could already be in place, with the SP500 up 80+ points since the "lows" in the first trading day of the year and VXX barely down 75 cents since then. I'm thinking that a $2 or $4 pop in VXX is very possible at some point in the next week or so.
Have to wonder if we get another 20+ point move in SPY over the next 2 months. If so, that will target 300+ by April.

Buy the dip still in force, as of now. Probably not going to change the week of options expiration!! Last 2 overbought situations on the 60 minute chart are looking very similar at this point in time:

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