HYG and Levers

There's some lever pulling now, the most important thing though remains HYG which has lost nearly all gains on the day.

You can see the lever pulling, but the SPY arb is so negative it just keeps making new negative lows.

 TLT's 5 min chart with good, sturdy accumulation on the day, still in the red box around price the lower TLT is an arbitrage signal-stocks are a buy for algos.

 VXX also looks good on underlying action today, but it's just below yesterday's close.

HYG is now just 0.03% in the green, this is exactly what I saw coming yesterday and exactly what I wanted to see, did HYG get sold early like other risk assets meaning the hedgies are all in for themselves as they always are, but fear has broken the herd mentality apart. So far today, HYG confirms this.

The intraday 3C 1 min chart is perfectly on cue for the moves in HYG.

 In context of the trend, I'd still like to see it go negative before feeling strongly about this test being a success.

2 min chart intraday with distribution at the highs and in line on the downtrend.

 Migration has started on the 3 min chart, but it is still in a positive position, this is why I'm still cautious, but I don't think you  can argue HYG was sold pretty aggressively.

The 10 min chart shows HYG was never under any serious accumulation, it was just to move the market as I said yesterday, it will head lower.