Does this same pattern show up in the $VIX? I find the $VXX to be a very skewed product and have had losing positions in the past a result. It's not as correlated as others ex. $/Yen and $FXY , Euro/$ and $FXE. Just my 2 cents but still an interesting idea.
7 AM est, pre market future US just tuned down 100 points, something's brewing, storm clouds gathering, ruble effects of rate spike to 17%, oil down again, heading to a 4 or a 3 pefix? think your diamond goes up.
Wednesday FDX reports in AM, if they don't beat big time, I say market dips, also FED mtg Tues/wed, friday option expiration, oil not done sliding yet, Russian rates spike, rubble crashing, all says volatility. I had VXX pulling back just a bit (your diamond here), bought early today, and then up again, and today CAT closed below double bottom 90.00 , believe it completes to TL, as K posted earlier, helping VXX up. TZA finished strong. Thanks for that CAT post K, really made me a believer.