It's Always Darkest Before The Dawn... Here We Go.

That's a perfect analogy to this kind of market, a knee-jerk move and a head fake move.

Take a look at the Index Futures which are moving faster to the upside (3C) than I can capture and upload them, then there's the largest dislocation in CONTEXT/ES ever seen by my eyes...

 ES

NQ

TF

And a positive 68 point positive differential in the ES model vs ES, risk assets are moving higher, stocks are playing a little game of possum. I know it's a hard market to look at like this, but this tells me pretty much what I need to know to feel secure in the decisions made yesterday and today.