VXX traders are a gutsy bunch as daily volatility can frequently run 5% or more.....which is why it appeals to risk lovers. With daily volume often 10% more than SPY and great liquidity even in after hours markets VXX has a unique risk/reward profile and is most advantageously approached as a day trade....definitely not for consideration as a long term hold due to the intrinsic decay factor of VXX.
Below the 130 minute Bollinger band chart for VXX and the Mosaic delta neutral report for XIV/VXX. Although the 130 minute VXX chart has been reliable in forecasting VXX turns in the past we did have one recent signal failure (red line) and we are now poised to test a new reversal signal (yellow line). Note that tomorrow's delta neutral rankings favor VXX.
