I guess traders did not bother to take profits today but instead have been buying options to hedge as the VIX has gone up but the market remains in a tight trading range. My VXX is actually in the green so I am having one of those rare "eating the cake and having it too" moments. The market is either topping in a rectangle pattern or is simply consolidating again for more bullish waves to come. You guys already know what I think and as I have said before the test will come when the Trend Average gets tested. A successful test and I am out of VXX but waves call for a change of trend so we'll see.. the suspense continues but I am actually enjoying it :)
Have a good Thanksgiving to those celebrating tomorrow.
Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish