Tuesday, February 19, 2013

Quick Market / SPY Update

 SPX futures 1 min negative all day

 5 min SPX negative-leading

 SPY 3 min longer term trend

 3 min close up-remember where this went south when you look at the tick chart below.

SPY 5 min in a relative and leading negative.

The TICK could have easily made new highs with the SPY, +1250 or even +1500 is seen or use to be seen frequently. Toward the last hour lots of testing of the sub-zero levels.

What is also interesting is the VIX/VXX/UVXY have held up much better than they normally would on a day like today.

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