This morning's market gap down triggered a VXX Buy Signal. The high of the session is 18.84 (+5%). The nature of price retracement from that high to below $18 has brought into question the validity of the signal. Nonetheless, if that high is taken out later today, the Buy Signal will be confirmed. Short-Term Buy Signal Pending: VXX >18.95 (any time) Option: Feb 19th $20C (currently @ 1.48-1.50) Although I don't expect VXX to go back up to new high, if it happens it could lead to something more powerful coming in the days ahead. If so, we don't want to miss it.
