VXX (VIX ETF) hints of increasing volatility

The VXX is the VIX ETF and tracking it gives an idea of the VIX from a unique perspective. In the weekly chart, for most of 2021, there was a building MACD bullish divergence.

Given the higher low and the rather full bullish candle on Friday, any continuation of this rally aligns price to the indicator. Inadvertently, the would be downside volatility in the equity markets to follow...

The VIX, via the VXX ETF, is suggesting a plausible spike in volatility in the coming weeks.