ETF Trading with Larry Connors: Reading the Spike in the VXX
There was a big spike in VXX yesterday especially late in the day as real fear is beginning to take over. The 2-period RSI on the major US indices are all under 5, something that is rarely seen.
The above is from Larry Connors’ Daily Battle Plan.
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Larry Connors is founder and CEO of TradingMarkets.com.