Yesterday we were going Long VXX calls if the intra-day high of 46.30 was taken out. It wasn't. I am still monitoring VXX for an entry Long and whether it will be today or tomorrow or Monday remains to be seen. A lower entry is now possible, but we will wait for the pattern to set-up before jumping in. As for QQQ, it appears to be completing an ABC correction of the first leg down - see chart below. Taking out yesterday's low of 315.96 will lead to an acceleration down and likely trigger that VXX trade.
