I will get charts out ASAP, but I needed to get this out at least, right now the intraday (and beyond in many cases) 3C charts of the averages (SPY, IWM, etc.) are looking real bad.
I'd consider opening some shorts, but for me this is ALL about VXX and those crazy leading vertical divergences, VXX is putting in the work, it is putting in the skeleton of those divergences, it just needs to be fleshed out a bit more and that's where I want to enter as VXX / VIX futures HAVE ALWAYS been the timing indication for shorts that I've been watching for, I believe this is the 4th week now and it just started last Friday and continues today.
5 years ago
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