Volatility Squeeze- Closing Risk Assets

Well there's not many times that this happens and nothing follows, in fact this is usually the moment of truth.

 This is the short term VIX Futures, this is the tightest the Bollinger bands have ever been on the daily chart since the ETF has been in existence.

Using my De-Mark inspired custom indicator, we are also getting a buy signal here, the sell signals are orange.

The 4 hour chart has seen a huge leading positive divergence.

The 30 min chart, also with a strong signal in the same area.

The leveraged version, UVXY also has the tightest daily Bollinger Band squeeze ever, this portends a HIGHLY directional move, all indications are up, that would be a market negative.

The 30 min chart looks very similar to VXX with a leading positive right under a break of support-Supply.

As for Risk Assets, the close saw commodities fail (as a group) to follow the market's parabolic move higher, High Yield Corp. Credit also failed to move with the SPX, the $AUD made no move higher whatsoever, High Yield Credit never moved off the lows of the day at or a little before 11 a.m., Junk credit made no effort to follow the risk on move or parabolic market move, and Treasuries actually moved higher from 1 pm and 2:30 pm.

For all of the intraday excitement today, every major average closed in the red EXCEPT the IWM, interestingly, the ONLY average that hasn't until today, made a head fake move higher.

Today's price movement all started at the same time, the only catalyst is that AAPL will release an I-Phone 5, I guess that's news (?) reminiscent of the buy programs seen in the POMO days.

More in a bit...