We had a good read on a market that opened strong but which was weakening and possibly reversing at mid-session. There were several trades with the potential to trigger later in the day/week, but you should pay particular attention to one that cropped up in VXX near the end of the hour. It can be traded like any other vehicle and became a nearly perfect ‘mechanical’ buy here. There is additional material on shorting the currencies using ‘counterintuitive’ set-ups. They are in strong rallies and feeling too risky to short mechanically.
