Short Term Market Update

Still at an impasse. I'll leave all positions opened recently as they are because they were set up for a move that I think has to come.

Here's a quick look at the dislocation or what almost looks like rotation in the market, but this is CLEARLY not a market that is in rotation, it's not healthy enough.

 If everything looked like the SPY 1 min above, I'd be buying calls for tomorrow, but they don't.

IWM short term charts have seen some progress, but with a 5 min chart like this, I can't ignore the high probability of a pullback.

The DIA 1 min looks to be the opposite of the SPY.

The QQQ 1 min is not as bad as some others, but still the opposite of the SPY.

Normally other assets might settle this like HYG..

The intraday chart doesn't inspire any VERY short term confidence along the lines of the SPY.

The 5 min chart is bullish for a bounce as are most all of the other averages, but that's not where the disconnect is, it's in the short term 1-3 min intraday except the IWM 5 min.

More to come...