Market Update : VIX

Since the last specific VIX update it went ahead shortly after positing and made a new intraday high, which is fine, head fake moves often come just before a reversal, but what happened as VXX/UVXY and VIX futures pushed to that new high (which retail has been crazy over VIX long) is VERY telling.

 VIX intraday futures went negative again at the new high.

VXX 2 min went leading negative intraday at that new high, you'll see why in a second or two

The intraday 1 min dug to a new leading negative low.

The 3 min made a new leading negative low

The 5 min was already in trouble, but look on an intraday basis...

You can see where retail chased higher prices, this gives smart money demand in which they can either sell in to or short in to, the 5 min chart seeing a leading negative intraday divergence on a new intraday high is bad news for the VXX and it moves opposite the market so VXX down, market up.