VXX trade Follow Up

Earlier today I noticed VXX setting up for at least an intraday trade at $21.75

So far the trade is up 2.5% since noon time, unless you used options, then you'd have a significantly larger profit.

Taking a closer look, this may be a trade that has some longer term aspects then just intraday.

 This 30 min chart shows accumulation on a 4 day base. The run thus far has only been about 2 days, it would seem to me the base should be able to support a longer move then 2 days. You mght want to take a closer look at VXX.

This is the chart that prompted me to put out the idea around noon time. So far so good as the SPY drops and volatility increases.