Despite the recent volatility in the tech sector, the S&P 500 VXX is still operating as if in a low volatility environment. VXX is a good hedge for a portfolio but technical analysis is showing sideways momentum, with key resistance levels at 30.18 still not broken. This low volatility in general can help in getting in at a cheaper price for when volatility does kick into full gear, or to purchase a longer-dated call option for when volatility does kick into high gear.