Replies to post #1837 on iPath S&P 500 VIX Short-Term Futures ETN (VXX)

[risk on]

Wow, go data find there, when VXX and spy start decoupling from the normal ( 84% based on your info ) inverse relationship , and we see VXX start outpacing spy ( moving much faster than spy moves in the opposing direction) , then I have noticed that SPY is usually poised for a drop, and VXX usually starts becoming that Rabid animal we've seen before.

$21? Who knows , but the way VXX is hanging tuff even on the recent fluff spy move up, strongly suggests that higher low levels are the new norm for VXX going forward .

VXX in Essence means the puts prices on short / medium term puts for SP are increasing , meaning the market expects a spy drop . When the market expects a spy drop even at the same time spy is going up ( VXX and spy moving up together) that is very telling IMO . It's akin to seeing the clouds move in three different directions, or " take cover!".