Divergences Getting Worse

Now we are seeing the market's underlying trade start to move more quickly. Most of us have already built a short position and are just looking for the most opportune time to add to the positions we entered partially. If I didn't have some short exposure now, I'd be thinking very hard about picking some up.

I'm not quite ready to pull the trigger on add-to positions, but I'm going to be following them and any other assets that give us a better feel.

 SPY 3 min

 QQQ 3 min


QQQ 5 min