VXX Cycle Price Projections
- VXX almost satisfied the 40D cycle (1st following chart) and is trying to find support at the 80D cycle FLD; one can argue that VXX got close enough to the 40D cycle target to consider it satisfied for practical purposes.
- If the signal line crosses below the 80D FLD it will confirm an 80D cycle target of below 23.5.
- However, considering that short-term cycles are rising, it is plausible to expect that VXX might bounce from around this level, or from a somewhat lower level within the 40D target range, without confirming the 80D cycle target; plausible does not mean guaranteed, as a better-than-expected news from the US-Iran weekend negotiations can cause a significant VXX drop.
