VXX - Little More Red in the Markets

Took a small profit on the VXX this morning after spotting hidden bullish divergence in the VIX yesterday evening. Opened a small position again on the pullback to support in anticipation of a small bounce the upper trendline of this descending sedge pattern. Holding off on opening long positions until this burns out tomorrow AM. LONG VXX SHORT market.

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Holding off on opening long positions until this burns out (tomorrow AM) <-- mainly because of that upper trendline in the chart above... if we break above it that implies expansion in volatility. LONG VXX SHORT market.