Market Update

Still the SPY Arbitrage hasn't moved, although it's 30 mins delayed. As to the assets in the model, there's some movement there, I'm a little surprised the market hasn't done anything with it thus far...

SPY hasn't done much-yet, but the market was quiet for a while so I wouldn't call the game yet.

Yen/SPY correlation is helpful for the market...

Yen is dipping a bit, they're pretty close though.

Here's the Arb. assets, which I have expected some more upside action...

 As expected TLT pulled a head fake move under support, it did get some stops and look at the accumulation of stops, I also said earlier, to accumulate it needed to head more laterally-sideways, it has done that as well, but it looks like a mini inverse H&S so a pullback here just as normal price action at the same time as HYG and VXX moving would be helpful for the market, even if it was short-lasting which I'd expect any move out of the triangle to be and under distribution.

 VXX has a small intraday negative divergence within the larger leading positive, in my opinion that is NOT coincidence considering the triangles and the other assets and Yen threat.


 The VXX 2 min is in line so the divergence there was small, just enough to turn it intraday.

HYG does have an intraday positive divergence at a relative area of support so this should be helpful to the market, with VXX down a bit, that's more help.

Finally the USD/JPY is moving up, more short term support for the market, lets see what it can do with it.