This post was just published on ZYX Buy Change Alert.
VXX represents volatility. The momo crowd has been aggressively selling volatility resulting in a historic low in this ETF. If the stock market corrects 10%, this ETF may potentially double from here.
There are significant losses on the existing VXX position. Those who cannot handle losses should already be out of this trade.
What To Do Now?
Those in the position, are aggressive and are able to handle additional losses, may consider adding up to 25% in the zone of $18 to $19.27.
Those not in this trade, are aggressive and are able to handle a loss, may consider building 25% of the full core position size right here in the zone of $18 to $19.27.
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