Market Update

Looking around so far the market is behaving (in certain areas) better than expected, for instance most leading indicators, while severely divergent otherwise, are in line or pretty close today.

CONTEXT for ES is pretty close to inline, their SPY Arbitrage model shows the SPY rich to the model.

My 3C charts in some timeframes, like SPY 1 and 2 min are in line(still confirming price intraday), but at 3 min on, they are pretty negative, again there's a thin, thin line.

The DIA doesn't look quite as good on the 1 and 2 min, the 5 min looks horrible.

The QQQ 1-5 min looks really good, even with this very parabolic move (volatility is increasing) and it looks like it's heading for yesterday's gap.

The IWM is the one that looks like REAL indecision.

I'm going to check a few other assets and some potential trades and see how they are looking.

For now, I'd think we might keep going until some gaps like the Q's are filled, IWM already is and it's not doing anything right now.