The DJIA is down over 500 pts this morning temporarily finding support at 34,000. If this level falls, next support is almost 1,000 pts lower. Similarly, DIA's decline stopped at its Fib support and if it is broken next support is 10 pts lower around 333. Below that: 324. Lots of room down under into October expiration. DIA VXX has hit its initial Fib resistance at 29-30, with higher targets at 32-34-36. The faster it reaches higher levels, the more likely the next one gets hit. A break above 30 targets 32, which would target 34. Nonetheless, price has to get into the 30's before any of these higher targets come into view. VXX - Fib Extension
