Market Update

 Here's the accumulation seen late Friday, it has seemingly led to today's early strength. Remember this is a 1-min chart.

Today's POMO came in at 4.8x submitted to accepted which is higher then the 4.1x median. With lower values we often see some kind of accumulation in the time period in the white box overhead, we didn't see that today, just some confirmation. When the ratio is higher then the median, often the Primary Dealers are not positioned to float the market buying up assets. Right now we have a negative  leading divergence on the 1 min chart of the SPY.It should lead to some downside selling, but we'll have to see price confirm. In that case, if that is the case, some of you asking about stops on new trades in inverse shorts will probably get some breathing room.