After multiple price targets hit following the previous divergent low & subsequent breakout, the divergent high on /VIX (April $VIX futures) played out to send /VXX back down for what is now a third test of the recent lows which is also the very significant primary uptrend line (support) on the $VIX (spot VIX) daily chart. As such, /VIX (of any of the $VIX tracking ETNs, such as VXX) offers another objective long add-on or new long entry here at support following the most recent divergent low. 120-minute chart of /VIX & daily chart of $VIX below.

VIX 120m April 4th

VIX 120m April 4th

$VIX daily April 4th

$VIX daily April 4th