Was just playin around with VXX and stumbled upon something neat... I don't fully understand what a VXX/UVXY ratio means exactly yet but boy I see many consistent patterns here and one epic divergence that we're in right now!
It hasn't been this limp since early 2018, when the first Correction of this megaphone pattern we're in hit. The Divergence area of GEX/DIX is greater than anything we've seen previously aside from again late '17 early '18 and this while shorter in time is far more divergent.
We're quite possibly in the midst of a blowoff top on this massive 6M wedge.
Just some friendly weather data from your local Stock Farmer B).
Nota
Uh yea... nailed the reversal today. Volatility divergence is bad for the market.
Nota
This thing still diverging, this time in the opposite way, should be a bad sign for the market, lets see.
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