The sub-title above ends with a question mark — because an exclamation mark would sound too much like a perma-bear on X. That said, the question mark could easily become an exclamation point if VXX manages to close in the $30s at any point this week. VXX 120 MInute A headline driven market is subject to sudden spikes up or down. Keep this chart handy if the next bearish headline spooks the indices, driving VXX higher and opening the door to significant gains on VXX next month calls . VXX May 15th Calls A handy guide should that bearish headline drop between updates. Any of above strikes work if volatility spikes for a week, or longer. Use a break above today's high print @ $30.08 as trigger. For Bulls Only OPEN - Buy on a close above $6.00 (today's high print). Dual breakout: Horizontal and downward sloping parallel trend channels OPEN Jun Calls WTI Crude Oil - 240 Minute Crude Oil on the verge of a dual breakout, breaking above both horizontal and downward sloping parallel trend channels. This would not bode well for stock indices but would do wonders for VXX. Stay closely tuned.
