VXX Update

I suspect VXX may have just made that head fake move I was talking about earlier in this post, Trade Idea: VXX / UVXY (long).

Although VXX is the front 2 forward months, take a look at the movement in the charts, the first thing that made a head fake move a highly probable event was the range today.

 VXX and a volume surge, likely stops hit... However none of the averages posted a new intraday high and still remain in negative divergences.

 DIA 1 min

IWM 1 min

QQQ 1 min

SPY 1 min.

I'll be looking at VXX/UVXY carefully and will update you on any substantial changes or head fake confirmation.