ES Futures

While I suspect they will hold the NASDAQ Composite at the $4002 level (as I said, it was a fraction away, it took less than a 0.25% move to do what all the other averages have done) on the close, I don't think today being the T+3 last day trade for November settlement is coincidental either... ES is telling a different story. I think this also is important to other ideas like VXX / UVXY long.

 The NDX Comp daily with a long and tight range, this really seems to have been quite a struggle just to get to $4k which was never far away for 5 TRADING WEEKS!

The flow of funds in Mutuals may also have had something to do with timing.

Today's candlestick for the NDX Comp is also not a very impressive one, actually a bearish reversal "Hanging Man".

 I don't think you can dismiss last week's post of a 5 min positive in index futures and the prediction of the Yen smack down as they needed a little more help, that 5 min signal worked exactly as the post said it would. Now we have a clear 5 min negative starting Friday.

Moreover, the 15 min has a sharp move and these longer timeframes rarely move this fast.