CONTEXT ES / SPYARB

The Context model just saw one of those huge swings I mention that occur from time to time, I'm not sure if they have a reset day or what, but CONTEXT for ES which was at a NEGATIVE 25 point differential for ES (SPX futures), is now only about 4-5 points negative, meaning the model is showing ES as being 4-5 points rich to the model's finding.

As for SPY arbitrage, it also seems to support the idea of a pullback brewing...

Here's it's going negative.

I'm going to look at some VERY short term/ VERY speculative SPY/QQQ (or any of the averages) PUTS for this apparent pullback.