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Over the summer we saw a sharp move higher in the VXX with the product moving up over 50% in just over 1 week in the end of July and into early August. Since that time we have seen the VXX grind slowing lower and we are now once again closing in on the lows that were struck back in July.
Since those lows were retested and just this last Friday we saw a sharp move higher on the VXX which was then followed with an additional spike up on Tuesday. This leaves us with