OK, so here's what I see thus far and leading toward tomorrow,
first of all, all of the averages are solid, they could be in better position, but they are solid right now if they did want to run.
However, short term VIX futures, VXX/UVXY just don't look panicked enough that there's going to be an imminent market breakout right here.
The theme...
SPY 5 min is not leading, it's not even confirming yet.
SPY 3 min is still suggesting pullback even in to that little pop.
It has formed an inverse H&S, I don't think this is coincidence, but I'm not sure how they intend to use it, it's some manipulation because it's such a common bottom pattern,
DIA 3 min not confirming.
DIA 5 min not confirming
QQQ 10 min looks great, but moving higher in to higher prices is usually lag from earlier accumulation, it would look even better if price pulled back and the divergence stayed right there or better, moved higher.
I stiil think there's another trick up their sleeve, I do have enough short term call/long exposure to make it worthwhile in case, but there are so many that could be added if they just moved a little bit more.
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