The Week Ahead

Barring an geo-political sparks starting WW3 over the long weekend, the week ahead looks exactly as I've expected to be the highest probability all week and as a concept in general, a head fake move, but I will say this does look like a very weak move which may have something to do with positions being taken off in to the close over the long weekend and uncertainty. I'll use the SPY as an example because it is actually the strongest which isn't saying a lot,

 There was no need of this late day 1 min positive as SPX 2000 is secure, this looks like it's where we will pick up next week, right in line with a head fake move.

The 3 min chart is in line and the cap on the move is below..

The 5 min chart so this being the strongest of the averages, it's not a very strong looking move.

Leading indicators will be posted after this, but they essentially agree, HYG has fallen out and every one of the major averages has stopped out on the Trend Channel.

TLT looks interesting, earlier in the week I suspected a pullback, there are additional signs as well as price action. More to come..