Everything in this chart screams BUY... buy volatility. Expecting a breakout within the next few days. May break below the ascending wedge we're in right now, but I expect to form a higher low. If you look at the channel from its lowest low, we've been in this since about Feb 5. Just shortly before that the market gapped up. I'm expecting SPY to close the gap ($377) if it maintains the downtrend below $388 on Tuesday. I'm not seeing any bullish activity in the market otherwise. LONG VXX above this channel.