Market Update

 ES is at VWAP and trade size looks to have picked up...

As I just mentioned in the AMZN update, this market isn't going to make anything simple, that's why you need to keep your eye on the longer term charts and the pieces of the puzzle. They will use increasing volatility to try to shakeout any one who thinks they know which way the market is headed, read the last AMZN post, so expect increased volatility until the day (which judging by all of the indicators and volatility, is close at hand), that there's an unrecoverable break.


There's still a wide gap open in the market averages, usually the market would fill this about 90% of the time, so watch for that volatility, 3C looks supportive enough to fill that gap, but then again, the break comes when you least expect it and after the market has worn you down. The NFP print on Friday could certainly cause an unrecoverable break on the open Monday.

The EOD trade, just like yesterday, will be telling.