Based on Smartp’s proprietary trading models, VXX remains on a PRIMARY degree SELL that Smartp issued at 22+ in May/June 2012. I had given an immediate target of 15.nn to subs and a 2012 target of sub 11.nn. Seems like we are almost getting there.

However, note that a breach of 11.01 will trigger a Cycle degree SELL on VXX leading to decimation of Volatility. And by reverse view logic that means $spx will rise to new ATH by mm/dd/yyy (reserved for subs).