The VXX trades inversely to the market.
The signals are similar except in reverse.
VXX 1 min positive divergence which is the same as a market negative divergence, when the VXX is up, the market is down.
VXX 5 min is slightly positive.
VXX 10 min has a slight positive relative divergence in white, within a larger leading negative divergence in red.
The longer term 15 min chart has added more leading downside today
As has the 60 min chart.
This is an odd market, but I have suspected this would be a different move then what we've seen the last 2 months. It seems like the short term negative divergences are restraining the market from popping while the longer term charts continue to accumulate. I think the key to this is the Bollinger Bands and which way that volatility squeeze breaks.
No comments:
Post a Comment