Quick Update

Something isn't passing the smell test, normally on Friday's traders reduce risk, with the EU summit and all of the problems, you'd think they would be fleeing by the truckload, maybe they are?

 Just a reminder of the Commodity hart-CCI which about a month ago, looked eerily similar to where we are now.

 ES looks like the underlying activity has been distributing all day, including this last move up in the afternoon and on much heavier volume.

 Here's the Q's on this latest move, that chart changed pretty quickly toward the end of day when the big boys come out to play in the market.

 SPY is showing some unusual volume spikes as well since 3 p.m.-last hour of trade is always the most telling.

 SPY 2 min

And the TICK chart, it's almost as if price is being propped up right where it is.