This trendline for the VXX has been holding the VXX in a downtrend from 2010-2020 (look at all the trendline tests from prior to 2020) until we broke it and had a big crash in Feb-March 2020. Now we are back-testing it and I am expecting a reaction for the VXX. VXX should go up and SPX down in the next 1-2 months. Look at my previous post on TVIX back in February that talked about breaking the multi-year trendline.
