The long term VXX charts never fell apart, it was only shorter term and mostly around the area of the accumulation range as would be expected, In one of the last major VIX updates, I had said that the long term is already there, meaning accumulation to a large degree had already been set up, it was now a matter of the short term accumulation coming in to line and the yard stick I chose was improvement on the 15 minute chart, that is now becoming a reality and the VIX futures themselves (the asset all the derivatives like VIX and VXX are derived from) looks great on 30 min futures charts.
4 hour long term 3C VXX chart with a large leading positive divergence, moreover, note the large "W" base to the right of the chart.
VXX 5 min goes negative at the end of August just like the market range/accumulation started at the same time, that's confirmation, now the 5 min chart moves from downside confirmation to a leading positive divergence.
And the 15 min chart is now doing what I wanted to see, note the accumulation of the last two days continues to rise.
The 30 min VIX Futures, the most important other than maybe the 4 hour chart, are very strong.
Someone has accumulated a lot of VIX Futures, I honestly find it amusing that Stock(knit)Twits can't reconcile accumulation in the VIX because it hasn't moved up enough as they still believe the 20+ year old myth that smart money pushes prices higher with their buying, prices only move higher long after smart money is in.
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