VXX-Another Inverse Correlation

The VXX has an inverse relationship with the market, when the VXX is up, the market is down, when the VXX is down, the market is up. Whle there's been distribution in the market in to higher prices, there has been accumulation in the VXX in to lower prices, exactly what you would expect to see for the correlation.

 VXX starts a leading divergence this afternoon on the 1 min and has been in positive territory all day.

The 5 min is showing a pretty well developed positive divergence.

Not sure what this is about or if the $USD / market correlation can be broken, but this is another sign that the market seems to want to head lower shortly.