VXX / UVXY

The short term volatility ETFs have been behaving bullishly for volatility, bearishly for the market and totally out of the normal correlation, what you might call a change in character.

 Here UVXY is seen vs the SPY over the last 3 days, although they normally have an inverse relationship and intraday you can see examples of that in the white boxes, the trend in short term volatility has gone against that correlation and headed higher.

 Also the UVXY has been confirmed in the move higher.

As has the non-leveraged VXX as 3C makes higher highs with price.