Volatility

Yesterday I posted this, "Keeping UVXY Trading Position Open" as I was seeing something going on with the short term VIX futures.

Later in the closing wrap I posted these charts of volatility in the short term VIX futures with confirmation between VXX, the leveraged UVXY and the inverse XIV, since each of these are independent ETFs/ETNs and trade unique volume (it doesn't matter that their price percentage moves are tied to VIX futures-demand for them doesn't have to be the same at all) the fact that they all confirmed each other was notable, especially after the VIX had been obviously manipulated yesterday for reasons I went in to yesterday and really monkey-hammeder on the close.

 VXX positive divergence which was seen in all of the volatility futures at the same time yesterday, around 1-2 p.m.

 VXX 5 min the same leading positive.

 UVXY 2 min leading positive yesterday

 The inverse XIV 2 min leading negative at the same time yesterday

5 min XIV leading negative yesterday.

I also mentioned that there was a Crazy Ivan Shakeout in the VIX, whether intentional or not...

Both sides of the triangle have now been run

Today the short term volatility futures look like this as they continue yesterday's positive divergence that started in the afternoon...

 VXX 5 min continuing a larger leading positive divergence, what I want to see is whether these migrate to longer timeframes.


 VXX 15 min leading positive

 UVXY 5 min leading positive with a large relative positive divergence as well. This is part of the reason the position wasn't closed yesterday on the downside move.

 UVXY 10 min also leading positive

 The inverse XIV is actually looking worse, this is the 5 min chart

 Here at 60 mins though, this is the worst or strongest of the volatility related divergences,

Intraday the VXX looks like it will see some normal intraday movement, but it is maintaining an overall positive disposition, the difference between this chart and the market average 3C and price charts is that they look very manipulated where this looks more natural with a positive bias.