VIX-VXX Update

We have some members that are trading VIX options and making good money on them, that's why I've been updating the volatility indices. If you are set up with an options account, you might consider trying a small trade (buying VIX calls) and see how it works out for you, you needn't allocate a lot of money, just enough to test the waters.

 Again, like we have seen so many times in the last week, the VIX is green as the market has been green (this goes against the very nature of their correlation and is viewed as a bearish signal for the market).

 The VXX 60 min chart has been spot on, negative at the top, then confirmation of the downtrend in green and now we have a sort of "double bottom" with increasing accumulation.

 The 30 min chart shows the same, it looks like the VXX/VIX are prepping for a breakout move to the upside, considering their inverse correlation with the market, that would be a market negative event.

 VXX 5 min at the recent double bottom low went positive, some of our members made 50% on this move alone with Calls.

 The 2 min chart shows the same with a bit more detail

Here's a closer view on the 2 min chart, it is showing some momentum, it may go leading soon.