Market Update

 DIA short term intraday bounce failing under distribution

 Same with the IWM

 And the QQQ

 Earlier I said the price pattern implied target for the SPY was $120, look where it reached before reversing!

 SPY 1 min

 SPY 2 min-I still want to check my credit models

For now, CONTEXT

 The differential between the risk basket and the implied ES level and the actual risk basket is hitting highs of the days as ES diverges bullishly away from its implied model.

Here the model in green, as it has been all day, is much lower then ES, suggesting a reversion to the mean or ES/S&P falling to catch up to the model.

As I said, I want to check my own models as they contain more specific data, they are loading now.