VIX futures VXX, using other settings, the 5, and 100 EMAs
Yes, in the past we did notice several "fake moves"
Now, price/volume action seems to confirm pattern reversal
Gut feelings ? If we break higher than its 100 EMA, price will shoot up fast.
Otherwise expect price to pull back and form a sideway pattern, remaining in higher lows for a few weeks, then, breaking out
Bottom line? Expect a good pull back from the SP 500