UVXY and VXX are volatility indicators, they represent short term VIX futures so they move opposite the market, earlier I mentioned a flip where UVXY and VXX were both seeing positive divergences suggesting they would move higher and XIV which moves with the market was seeing a negative divergence so all 3 confirmed each other= Rising volatility/Fear and lower prices in the market, we've seen both happen since the flip.
Those divergences are still in place right now, UVXY and VXX positive, XIV negative across the intraday timeframes from 1, 2, 3 and 5 min with leading divergences and 10 min charts with charts that are starting to lead. A lot of the longer term charts have been in an overall positive position.
We'll see how the close goes, but I thought I'd let you know these positive divergences continue.
Remember also before the F_O_M_C the signals were the opposite suggesting the market initially move up so these indicators and their signals have worked 3 times today thus far.
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