There is a bit of a divergence showing between the actual VIX volatility index and the VIX exchange traded derivatives of it that I am tracking in order to trade the VIX >>> UVXY (long volatility) and SVXY (short volatility). UVXY generated a short term sell signal late yesterday and SVXY generated a buy signal. The VIX high set into the close remains an upside target if the VIX moves lower on teh open. Yesterday's SVXY low is also a target that will be breached. SVXY is trading up in premarket trading. The windup is that it would be a mistake to buy the SVXY rally.