VIX and VXX

Regular readers know that I especially like setups with VIX & VXX confirmation. These are making it even more clear that Q3 is starting with a very bullish move for stocks. 

VIX
D: Day 1, massive QP rejection and YR break. Day 3, YR1 resistance and below MP. Day 4, MP rejection and back under D200MA. We could easily see YP JunS1 area test and if lower then I'd start thinking 9.4-10.

7 19 VIX D.png

VXX
D: Day 1, HP rejection; D3 below D200MA; D4, MP rejection and back under all pivots. Should see 32 minimum. Note early April began with YP rejection and this helped confirm the stock rally.

7 20 VXX D.png