ES & Bid for VIX Protection is Still Falling Off

This is still the same trends posted early this morning shortly after the open across almost all the same assets. I suspected we would see something like this because of the fast emotional overnight reaction, however I still don't think we have a strong enough base to enter positions, we have a good start.

 ES intraday is going positive.

Last night I had hoped that the ES 5 min chart would keep building a leading positive divergence as it has.

To confirm, the VIX should be going negative as it has been and continues.

 The 1 min VXX was in line at the open, look how negative it has gone, we need this strength to move to longer charts.

It has started moving to the 2 min chart above, that needs to get worse and move to the 3 min chart

Right now you see the positive divergence we bought in the VXX yesterday for a quick long, but right now 3C is still in line with price, we need to see this chart and probably the 5 min chart go negative before really considering purchasing a market average or risk on long or shorting VXX with XIV (long) or VXX puts.

So far, so good. Retail sentiment is so fickle, as expected, they are wildly bearish, I'm bearish too, but I recognize the market doesn't just move in one direction.