Pop today. Near-term trading range 16-24
We will definitely see an increase in the volatility in 2015. It looks like 16 is the new support level that triggers buying and 24 is the resistance point where traders take profits.
Reference the last chart analysis for VIX.
VXX is one instrument to trade VIX
Warning:Only experienced traders should trade VXX. This is definitely not a buy and hold.
Buy CBOE as a more conservative way to play increased volatility
“Always trade in the direction of the major trend”
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