The iPath S&P 500 VIX Short-Term Futures ETN (NYSE:VXX) is surging another 10% today as volatility is up in the 43's around 11am EST today. iPath S&P 500 VIX Short-Term Futures ETN (VXX) will have resistance at $36.08. If we see a surge above that level, expect the market to take another plunge lower and VXX to retest $40 or higher.
iPath S&P 500 VIX Short-Term Futures ETN (VXX) seeks to replicate, net of expenses, the S&P 500 VIX Short-Term Futures Total Return Index. The index offers exposure to a daily rolling long position in the first and second month VIX futures contracts and reflects the implied volatility of the S&P 500 index at various points along the volatility forward curve. The index futures roll continuously throughout each month from the first month VIX futures contract into the second month VIX futures contract
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