VXX: Three times lucky?

THIRD REBOUND OFF SUPPORT: HOW SUSTAINABLE?
VIX is better analyzed on the D chart, as opposed to longer time frames.
On this time frame, the volatility barometer has completed a triple-bottom.
It now looks ready to rebound off its support at 13.50, a long-awaited event.
Meanwhile, SPX is indicated below its 2,820 resistance, for the 6th consecutive time.

SYNCHRONIZED MOVE TO THE DOWNSIDE?
Market direction is still up as we speak. However, a synchronized move is unfolding which suggests that one should be even more caution on the SPX, until such weakness is reversed.
- NEGATIVE: SPX Index down even after dovish Fed, in increasing volume
- NEGATIVE: Weakness in US Small caps reveals lack of breadth
- NEGATIVE: Volatility up in increasing volume
- NEGATIVE: Gold up in increasing volume
- NEGATIVE: Oil up (negative for stocks)
- POSITIVE: Dollar down (good for exporters)

ACTION?
Recommended action from here is unchanged and confirms my previously published ideas:
- Tighten stop-losses on favorite live positions
- Raise cash for more firepower if/once uptrend resumes
- Stay long / increase long positioning in volatility (see below)

FOR THE COURAGEOUS TRADERS
Trading VXXB can be quite rewarding but is tricky as it requires active trading/monitoring
Buy VXXB here with a stop at the recent, 28.25 low