As I point out every Friday, after the market's option expiration pin ends around 2-2:30 pm price can do whatever it wants, what is really important is what 3C does because as I also often point out, divergences pick up where they left off the next trading day, even over 3-day weekends.
We have clearly negative divergences in to the close and positive in VXX which is confirmation so I expect early next week we see a downside market move as signals appeared yesterday.
I also think VXX makes a nice move up.
QQQ 1 min
QQQ 3 min
QQQ 5 min
IWM 2 min
IWM 5 min
SPY 5 min
SPY 10 min
VIX futures 1 min
UVXY 2 min
VXX 5 min
UVXY 10 min
That's all the confirmation I need, but let me remind you 5 min Index futures are all negative as well
No comments:
Post a Comment