Charts

I can't get all the charts I'd like to out and still get to the analysis, but here's an idea, again like yesterday which I was looking and actually hoping we would have a false breakout as that would have done a lot of damage today, we have more triangles forming, this time smaller, I'm not sure why, perhaps because they may be easier to break out, perhaps they don't want to invest as much (short term) to building the triangle and head fake move, perhaps because they need a head fake move before the close, or ...?

TLT is doing what I said and expected thus far and I'll show a few others...

Index futures aren't tipping their hand as they are in line except for the IWM futures "TF", they are negative. The Yen is interesting and may have something to do with a rushed triangle "if" this forms a head fake move.

 SPY-yesterday's larger triangle and today's smaller

SPY 1 min, I noted all of the divergences as this is an intraday signal timeframe.

The larger picture is on the 5 min (first institutional timeframe) with a leading negative divergence, but VERY sharp.

Take a look at the Yen v. SPX

Yen in green-both are very flat, but the Yen may be getting ready to change and this may be the last chance for the market to make a move before that happens, I'll show you the Yen again after the other assets.

HYG, intraday has been negative, but could this be a positive intraday divergence? I can't say as 3C hasn't locked it in by turning up.

However if there's need to make a break from the triangle to establish a bull trap, they'll need HYG moving up to support the market.

 HYG 5 min positive to negative and the entire divergence being destroyed longer term and more importantly, on an institutional underlying timeframe.

 VXX is still accumulating 2 min intraday (market negative as traders are bidding up VIX futures to buy protection).

VXX 3 min as we need to see migration is migrating, we have 5 min as well.

Now the 3C Yen futures... If the Yen is getting ready to make a move higher, it will be market negative as we have clearly seen. We know longer term the Yen is, we know its in a rounding base more than half way complete, now take a look at Yen futures.

 Green arrow is the 9:30 open, to the right we have intraday accumulation, but more importantly...

As the Yen itself is in a triangle, we have 5 min accumulation and we already know we have abase about to turn up...

I'll be posting more as I get it, but movement would be good, movement creates opportunities.