VXX VIX Futures ETF Daily Chart

VXX daily chart offers a crazy ride. VXX does not track the VIX as closely as you may think. But the oversold conditions, falling wedge and positive divergence foretold the bounce in mid Feburary. A gap was left open at 29-ish so the bottoming process here would be complete with that gap fill.

VXX does appear to have bottomed and wants to move up in the weeks ahead. Watch for a break either under the 20 MA or over the 50 MA to provide a clue on direction, also whether it moves under 29 or over 33. Price wants to move sideways to sideways up going forward.  This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.