LOOK FOR VIX SUB-13 TO REENTER LONG IN VXX/UVXY OR SHORT SVXY

Having exited a VXX short call diagonal setup today, I'm looking at further opportunities to get back into a long VXX or long UVXY setup, and -- as previously noted, I'll be looking to VIX for guidance, since both VXX and UVXY suffer from contango and their "bottoms" are slippery slopes that are gradually eroded by contango over time. In other words, what's a "bottom" now in VXX and UVXY may not be the "bottom" next week or next month or the month thereafter if we have prolonged low volatility.

You can naturally also short SVXY on a VIX sub-13 level, since it's an inverse ... . In its case, its top is the slippery slope.