More on the SPY

I'm sure you'd like to know what tipped my decision on the SPY, it was partly volatility too which has been spot o this week.

 SPY 1 min is positive now on the entire day

 The 2 min doesn't look good, but that right side might pick up.

 The 5 min hasn't broken down yet, so there's still support in there despite the intraday volatility.

 At 10 mins, here's the rot, each average has it in different places, but all have it and a lot.

 VXX 1 min looked good, but as I said, it couldn't confirm on the 2 min

 2 min VXX

The 10 min looks great, so for me it looks like a quick pop up and a bigger move down, the same though as AMZN or GOOG.

Risk assets support this in the short term any way. The CONTEXT model supports it short term and the SPY arb. model looks like it's about to flip to the model leading the SPY.