EOD Observations (3C)

The Futures Indexes 1 min all seem prepared for an EOD ramp, this 1 min chart almost never holds over night or to the next trading week, at 5 min there's noticeable deterioration in line with the last post of Leading Indicators and QQQ breadth.

The same can generally be said about the market averages with the IWM looking the strongest intraday as it has been trading below yesterday's close most of the day. Many of the intermediate timeframes 1-10-15 min that were kind of stuck on hold are now starting to see new lows in 3C, which is a change, again along the trend bias.

HYG is seeing a VERY  sharp intraday turn to the downside, it looks like some last minute panic selling. High Yield Junk Credit is seeing the exact same thing as well as High Yield.

While VIX futures are generally in very good shape as to the current rtrend /reversal, there's no similar reaction in VXX to the upside matching credit's downturn,

All in all my opinion hasn't changed much, Monday I'd expect similar behavior to the last two days which is to say noise in the trend, the trend itself and signals along the lines of the length of the trend point to a downside move which looks mature from a reversal process point of view.