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VXX is in a confirmed uptrend but we have just received an alert by our MACD Buy/Sell Overlay Indicator warning us of a possible price drop coming. We are also taking a short position on VXX after it failed to pass through the resistance at $50.18. If we see a price breakout above this point we will be in a confirmed breakout but with the and our indicators showing a drop coming, we're expecting VXX to be headed down.
Indicators Used in this Idea:
Master Bull/Bear - Uptrend/Downtrend Confirmation
Auto Support with Resistance Lines
MACD Buy/Sell Overlay
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