EOD Ramp?

CONTEXT (ES) has come down or rather ES has come down to the CONTEXT model from about -18 points to a differential of about 2 right now.

Remember this is about 30 mins delayed

The TICK chart also shows something going on...

 TICK intraday trend is positive...

And they seem to be kicking the SPY arbitrage in to gear with somewhere near a +$.60 SPY positive differential.

The carry crosses are bouncing at the same moment as JPY sees a little intraday 1 min 3C weakness as well as price, but the 5 min JPY 3C chart is leading positive, this looks like a head fake end of day ramp they are trying to set up.

The carry is in the right place, but on a small pullback to help, SPY Arb is being activated and you saw the TICK, the more important part though seems to still be the longer 5 min + charts are negative. I'll be watching VXX for any opportunities in to the close