AMEX:VXX IPATH S&P 500 VIX SHORT-TERM FUTURES ETN
If there truly is an inverted pattern developing in the spx500 , a play could be puts, but I play vxx , which is 3x shorting the spx500 or a long play on its volatiluty, which is usually down. Last couple days, market is sideways but vxx is climbing and money if flowing out of the spx500 while its price is trying to rise? That tells me that corporate buy backs is supporting the price of , during earning season to lessen the effects of poor forward guidance. Watching the IWM for the first step down, while the large caps are trying to hold price with corporate money buying their own . Artificial of prices. I say again, and again, it should be illegal. And if we have an inverted HS, then its time to form the right shoulder, down, much like we did Nov 4, 2015.
Comment: got to learn to spell check before posting, that is spx500 in the title.