VXX / VIX Futures Update

From a quick look at VIX futures and the derivative ETFs,: VXX, UVXY and XIV, there's a chance that the NFLX trade set up may come around. I think there's an even better chance that VXX calls work well, but remember that these were entered Friday as a speculative position for a quick trade so if I found myself with a +30% gain for a single day, I'd likely take it and wait for the next set up, especially for strikes at the end of this week.

The intraday TICK chart tells me it's not very likely we see a lot more in the way of VXX Call gains in to the close.

However as to the charts themselves...

*Remember VIX futures are actual futures, not spot VIX. VXX is short term VIX Futures. UVXY is the 2x leveraged ETF of VXX and XIV is the inverse of VXX which moves with the market rather than opposite of it as VIX does so I include as many as I can for multiple timeframe analysis and multiple asset confirmation as the volume for each is different and therefore can serve as a confirming (or not) signal.

 VXX 1 min with a leading positive divergence since last Friday, another part of the near term clues for this week's early forecast. This continues to lead positive. Note at the last pivot down on the 6th, there's no distribution, not even on this very fast/sensitive 1 min chart suggesting a large VIX/VXX position is under accumulation.

 This is the inverse of VXX, XIV and it shows a mirror opposite chart with a leading negative divergence not confirming last week's gap up, thus we have confirmation.

This is the 3 min UVXY (2x leveraged long VXX) with another leading positive signal.Like VXX, no distribution at the last pivot high on the 6th.

XIV (the inverse) 5 min with a leading negative signal.

So far we have numerous assets confirming in multiple timeframes. Note the very sharp "V" base which is what I expect to fail here (the gap off it).

 And the longer term or accrued big picture is this VXX 15 min chart, as I said above when we saw no distribution on even the smallest/shortest 1 min charts (minor signals), it looks like someone has been accumulating quite a large position and this 15 min chart is the accrued evidence of that.

These are actual VIX futures...

 1 min intraday has been in line with all the upside moves today with a minor negative divergence now, which fits with the TICK chart at the top.

The 5 min VIX futures leading positive , also a minor divergence intraday that fits with the TICK chart's change above.

 15 min VIX chart leading positive...

And 30 min also leading positive.

This tells me the market is still very likely to see that early week weakness mentioned in the Week Ahead, I don't think we have fulfilled that move.