HYG, TLT, VXX charts & Sentiment Extreme

All 3 have been, at least since yesterday, in a good spot for a SPY Arb set up. Although it's early to be relying too much on a.m. trade, all 3 are being set up for a positive SPY Arb move (HYG up, TLT and VXX down).

 HYG 1 min on the open =positive

HYG 3 min positive

And the HYG set up continuing from yesterday on the 5 min is positive.

TLT 1 min on the open is negative

TLT 2 min negative

The 5 min has been being set up as negative

VXX 1 min on the open is negative

3 min is negative.

I'd say this go around resistance is at SPY $165.50. I'm starting to think my original assumption was correct, smart money doesn't need a base to accumulate more, they have and have held a large enough position since this time last week, but what they do need is a big enough retail short squeeze, obviously the longer retail stays bearish, the bigger the squeeze which is the propellant to get us over the triangle.

Retail Sentiment is still negative with this tidbit added....


"Bearish Sentiment on the $SPY Stream has hit new highs for 3 days in a row: Bulls 27% vs Bears 73%" - These were the same people tweeting SPX 1700 + last week.