The chart below shows how the VXX daily-closes price line is just under its 50 day moving average. It crosses today at 26.44. If VXX closes much above this level it will suggest a move higher in the weeks ahead. The PRO Short-Term service is already Long for a short-term trade. Whether it turns into an intermediate term trade depends on whether it can cross-over and stay above the moving average. I'll be back with option recommendations if it does.
