#VXX #VIX #SPX #SP500 Head and Shoulders?

iPath Series B S&P 500 VIX Short-Term Futures ETN (AMEX:VXX)

AMEX:VXX iPath Series B S&P 500 VIX Short-Term Futures ETN

chartpattern trendanalysis vix vxx spx500 spx dowjones nadsdaq usd dollars

on the VXX we possibly see a Head and Shoulders pattern forming. If this confirms and breaks, then we could see much higher prices in equities. My feeling is that we may stop at the neckline and we resume higher. My thinking behind lower prices in equities stems from late cycle, global growth slowing down and inflation. We may see higher bond yields which would put more pressure on equities.