Very strong movement in equities and my 20/20.5 VXX put spreads triggered sale as did my SPY call spreads. I picked up some USO as it triggered a buy on the hourly and daily but will be weary if this is yet another short term spike. The positive divergence makes for a very good set up so if it does hold today, we could see a decent spike in the next few days.
Although price action is saying more upside, we are very overbought on the hourly and might see a pullback. I am not betting on it though in either direction.
If we top out at upper end of the range, would make a good short set up