UVXY / VXX

Based on the SPY analysis, for the VXX and UVXY, you can more or less just flip SPY expectations, meaning a short term pop out of the SPY triangle to the upside should send UVXY and VXX lower intraday or however long this shorter term pop lasts, I don't see it as much more than a head fake and some noise.

With the 15 min SPY chart negative, the path of least resistance is a pullback, which would benefit UVXY and VXX, however I do expect we'll see a little downside in both as the SPY makes an intraday foray in to the gap area left from Friday.

I'll post some charts in the next post.