I gave some alternative trade ideas for each of these like UVXY long instead of VXX or IWM puts instead of SRTY (3x short IWM ETF)..
Here are the charts...
IWM 1 min intraday positive on the open for a gap fill, you can see where the Friday close was exceeded and since the leading negative intraday has been growing deeper.
The IWM 3 min intraday is a pretty clear signal for the pullback move imagined.
SRTY 2 min moving to a leading positive divegrence
There's migration of the divergence as it is leading on the 3 min as well.
And the 5 min, the typical shakeout below support (yellow trendline) is something we see quite often before a reversal.
Even out to 10 mins, SRTY is leading positive, not in a huge way so again I don't think this is a long duration position, but that does help.
VXX (Short term VIX Futures)
The positive divegrence Friday sent it higher and gapping higher on the open, the intraday high is about where the market turned to the gap fill moves and since it has begun to lead positive again suggesting the market's intraday move is about done.
This is the VIX 2 min with the gap fill reversal area (remember VXX trades opposite the market). 3C is leading positive here as well.
VXX 3 min signals have been spot on and are leading positive now as today's intraday divergence locked in as 3C turned up.
VXX 10 min is very similar to SRTY in the same timeframe, although they are very different assets, they tend to confirm each other.
These are the actual VIX Futures
The intraday has turned to a leading positive divegrence, but also notable is the fact no damage was done to the chart at all, even on an intraday basis as the market filled gaps.
The 15 min chart is only notable if you recall how negative it was last week, if so, then the current in line position is a huge change. As you can see, price did respond to the very negative divergences that were on this chart, so there's a definitive change in character, even if it only is neutral.
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