Comparing the CBOE Vix and VXX

This first chart is where price was trading during one of the worst periods of a correction that we experienced in 2060 it is of a weekly chart and does show how price can trade above its exponential moving and follow a trendline this also shows how when a breakout occurs below the expert price is down so quickly that not only does not touch the purple colored moving average it takes many weeks until it actually even touches the descending trend  line

This weekly chart using the same security where price closely tracks the exponential moving averages well the two white arrows pointed up provide some context to the weeks when the VXX traded higher for it. And then was quickly sent down creating a gap where the oval shaded in white with an entry line of 16.79 the decline was so powerful that the red arrow pointing down price only touch the exponential moving average for a flash before going down again.  The two yellow arrows pointing up our when price acted the same way, the pattern keeps on repeating, so the trend remains.  However there is still another chance for pice to go back above 12.26 and break out of this very tight consolidation chart and weekly doji formation  

Price now is still scraping the bottom but if there is any type of whaling going on coiling going on there is a probability of the tendency to remain that price will revert back to the mean which ranges at a $16 high in context to the four months of data in this chart the interesting find is that on the seven day cycle low and five day cycle low, price ramps up to its highs within one trading week!