$COMPX update

The DJIA and $COMPX are both green but UVXY is up as well which I take to be bearish divergence for the broader markets given the wave count for $COMPX shown below.  5 clear waves down have given way to a wedge shaped retracement to about the level of the prior 4th as well as just shy of the 50 fib (so far).  A quick move above the top rail followed by a plunge back into the channel is the $COMPX breakdown signal.  Nothing is confirmed until we get the breakdown below the top rail and then second confirmation is breakdown below the bottom rail.

I like UVXY and TVIX here.