Market Update

ES is acting better since the last post, it really did look like a panic capitulation event and Monday morning would be the perfect time for it.

Remember we have quarter end window dressing coming up as well, June ends Q2, there's the T+3 settlement rule to consider as well, that would put any positions that need to be put  in or taken out of their portfolios due by the close on the 27th if my internal calendar is correct, Thursday. That will add some crazy volatility, between here and there, I'd think it would be the most insane, those 30 min Futures charts could certainly facilitate that kind of volatility.

 ES 1 min

ES 5 min relative positive now..

This kind of a range (SPY 1 min) is breeding ground for accumulation/distribution, in this case accumulation, it's almost always a giveaway.

And SPY 1 min leading positive

 Migration to the 2 min plus it never confirmed the downside move to start with so there's already a position in place as we already knew.

The 5 min is telling us the same thing.

And the TICK is not only in an up-channel, but now hitting +1000 levels.

If I wanted any more exposure to an upside move, now would probably be the time, I have enough though.

I will feature some individual groups/assets.