Market Update...

There's so much going on right now that I can't possibly show you every thing.

First the weakest hands among the shorts just covered, this is what we need, I know today was hard to sit through, these moves have to be convincing to get the shorts in, and as a matter of fact, from our sentiment update...

"BIGGEST BULL on twitter no longer bullish"

Most of this is all emotion, not fact based.

Remember the divergence I showed in XLF, FAS, SPY, DIA, etc.

Here's some more in totally different assets, you'll have to view them inversely as the trade opposite the market, but they are the SAME EXACT SIGNAL and in VXX and TLT no less!

 This was the SPY example of the leading positive divergence on a break below support, the same concept still applies, No significant reversal will take place without a head fake move first", today's was emotional, but emotions aren't what we base decisions on and in the end it helps our short term longs more.

 VXX is giving the EXACT same signal as the SPY and all the other assets, it just trades mirror opposite the SPY, so as I said, I've seen these everywhere today and it is just such a thing that we want to find, we want to see what the crowd missed".

 TLT also trades opposite the SPY, the same as VXX most of the time, it has the same exact signal today, these are confirmations that the move is a head fake, otherwise it would be really hard for me to open call positions.

ES has gone to a FLYING leading positive divergence, it's even higher right now.

This looks like weak handed shorts covered on a little panic.

That's a higher high, the fact it was only pennies above the former tells me they had limit orders in which Wall St. can see, I never use them.

The USD/JPY is making its move which is what we need.

It looks like we have our start.