SPDR S&P 500 (SPY)

[Perseverance71]

Ok. We can agree to disagree. I did my own analysis, and I found that VXX moves after the fact (VXX will go up AFTER spy goes down, and vice versa). This is because of the rapid decay (contango) and the only time the contango effect is negated enough to make VXX's moves useful is when there is massive volume (like today). Massive trading volume counteracts the contango and in that situation, VXX's movements can precede SPY's. Without high volume the decay is so rapid that VXX will go down at the same time SPY goes down, as I pointed out the other day when VXX and SPY made a LOD at the same time.

If VXX was working right it should not help you predict 5 minute SPY candles. VXX's value is not tied to SPY's value or what SPY does. VXX moves according to option IV and as I have seen lately, the premium on options have been acting erratic which would make VXX erratic which would also make it not useful for ones trading.

VXX = useless contango decaying waste of time.

Everyone on here spouting about every 5 minute VXX candle is wasting their own time how many times a day do you talk about something VXX did or should do only for it not to pan out.