VXX Extreme

VXX is a volatility index, like the VIX, but intraday and I think a better gauge, so as such, it moves inversely to the market.

This 1 min chart is going nuts, which suggest VXX is about to make a move up, which means the market makes a move down. Strangely VXX gapped lower as it should have with the market gapping higher, but it has climbed back up to the unchanged point while the market hasn't given up ground, 1 or the other has to break as the correlation (inverse) is very strong and with the 3C chart looking like this, I'm going to say VXX wins.