Market Update

I'm going to load up the L.I. template as it's late in the day and it should have something to say.

Interestingly, even though this is lagging by 30 mins or so, the CONTEXT model is just about right back to where it was as we were at this level Friday.

 After the reversion to the mean with the market/ ES gap down, CONTEXT was close to flat, but now with this intraday move, it's back to about -14 points and this is delayed.

Also interestingly, VXX is not making new intraday lows with the SPY making new intraday highs, that tells you something about the bounce intraday, someone is bidding up protection from market downside.

 DIA 1 min intraday is clear.

As is the 2 min

 IWM 1 min intraday pretty clear

IWM 3 min intraday/ These are all suggesting any upside intraday in the market is being sold/shorted.

QQQ 1 min intraday, the Q's look better than others relatively speaking.

SPY 1 intraday

 And 3 min leading negative.

VXX 1 min leading positive, which confirms the above charts.

3 min looks ready to go.

I'll be back after checking Leading Indicators, but I already know VIX is being bid by price action as well as 3C

Don't forget, this is not a big move to the downside or a long move I should say, short in duration is how it has been described since day 1