I'm still not sure what is going to happen but things are getting clogged up to the downside perhaps and seeing a very strange negative divergence between VIX/ SPY. It is pretty strong and visible today. If we break out of the descending wedges things could rocket higher as the bear den is pretty full now.
I put on the following VXX put spreads and picked up small position in SSO and will increase upon confirmation of breakout of the wedge.
Oct 30 20/21 @ .21
Oct 16 21/22 @ .15
Dec 18 19/20 @ .35