Although not a fan of triangles, sometimes they do provide such a clear and convincing pattern that it is hard to ignore. Such is the case this morning with volatility ETN's VXX and UVXY. With Nasdaq, S&P and Russell all up nicely for the day, why would volatility not be nicely down? Or down at all? Why would both be breaking out of well-formed triangles on the hourly charts? Worth keeping an eye on for the rest of the session.
