Market Update

There are still a lot of risk assets holding together here so it's little wonder the CONTEXT model is above ES.

Here are some charts.

 SPY 2 min is coming along, it just needed it bit of a range, really no different than yesterday's close except the opposite.

 VXX 1 min isn't doing anything spectacular at all

 VXX 2 min continues to move to a worse position, although this isn't a big deal for anything beyond the immediate future.

 QQQ 1 min is moving to a new leading high

 And the 2 min is leading

 TLT, the flight to safety is seeing some mild movement out, longer term though it' still not a problem, just more immediate.

60 min TLT.

Here's an example of risk assets moving Context like yields...

Notice the difference vs the SPX between yesterday's close and today's lows of the day?

Quite a few risk assets are like that, again short term.