Opening Indications

We're well past "opening Indications", but it's been a stramge morning, I'd call it, "Mushy", no real clear direction in multiple 3C charts that are in close proximity to each other, some look as they did Friday, like Early week weakness, while some shorter ones are either in line or negative, there's just no distinct tone.

The TICK data is much the same, hovering around the -400 to +700 range which is VERY NEUTRAL.

The only thing I just saw and why I'm posting is VIX Futures intraday seem to be seeing some 3C strength in a clear pattern, this would square with the VXX long (call or equity/ UVXY) from late last week and would square with Friday afternoon's signals for an early week pullback.

This is the first decent signal, it's still developing, but everything is so mushy right now, even this relatively new signal stands out as having some backbone.

Remember, a positive divergence in VIX futures suggests VXX/UVXY move higher and the market typically moves in the opposite direction, I suspect PMs will as well.