SPY had a sudden drop and I got an alert that RSI for VXX was above 70. I saw it hang around the 21.62 cents for a few seconds which made an easy entry to short into the pop and sell around 3 minutes later And this is how the SPY looked like when VXX spiked, it was a huge dip in less then 1 min

Offering, not good news but the 20% gap overnight on a 1.7 B cap company makes it a good setup. It started strong but I waited for a first deep before getting in. It had excellent risk reward even with a late entry. It had a few red days on the way down, finally ending on a gap to go long into. Daily chart reference.

SPY started the day going vertical to the downside, after a good doji it slowed down and started making higher highs. Making a good consolidation on VXX and eventually breakdown from it, having a stop on the top of the consolidation offered a great risk reward on the trade. I got alerted on the first high and waited for it to break down from the next low. Reference SPY chart