Kumowizard

Hey Vol. sellers, can you make a lower low? If not...

AMEX:VXX   iPath Series B S&P 500 VIX Short-Term Futures ETN
4
For now all bullish forces are in play to push volatility and VXX lower. I know it looks bearish now on both time frames, but let me make few notes.

- Daily Kijun and Senkou B are flat, making an equilibrium around 15,21. No real bearish trend continuation until these longer averages do not point down again.
- Tenkan is still slightly above Kijun, both lines are in the Kumo cloud
- EWO is bearish, but it has been building a positive divergence since April! This triggered nice spikes twice already.
- Heikin-Ashi is bearish now.

The questions:
Can price make a lower low on close?
Can haDelta reach or dip below its lower range of -1,65?
Can forward Kumo cross bearish?

For earlier answers given by price action, we'll also have to keep an eye on 4H time frame.

I'll try to post any relevant changes, and also if I see a better risk/reward setup to enter long.

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