Volatility Is Back!
Volatility (NYSEARCA:VXX) is back! We’re seeing another bounce up from the 2,110 level to our short-term Fibonacci Level.
Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades:
Here’s a reference guide of how to use and trade from these morning updates.
Be sure to reference the previous update for additional information for the larger Fibonacci Grid targets.
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The 2,105/2,110 level is the 38.2% Fibonacci Retracement of the larger rally and so far, it’s holding as support.
Today – like yesterday – we’re going to focus on 2,128 and trade the departure from this level.
We’re resting here right now – we’re bullish for a continued bounce above 2,130 or bearish beneath.