1. Time for correction protection, if you are leveraged, or can't for whatever reason handle a 10 to 20 percent back draft;
2. More notes after close;
Comment
3. Chart is irrelevant. Can't be analyzed. It is derived. Also suffers from Contango/Backwardation as well. Options based, so it can run higher, or lower than the spot price depending on many factors.
Trade Idea: Use VXX to Protect Your Portfolio from a Massive Selloff
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