This has turned ugly quick, a gap fill for the most part and then ugly.
The MSI shows the R3K shorts underperforming...
R3K (green) vs. the R3K Most Shorted Index, no short squeeze.
SPY 1 min intraday at the gap fill, then
There's no strength at all or migration of the divergence, the 3 min chart is still a negative or worse than yesterday.
The Q's with an opening intraday positive that has failed 1 min
And that weakness is migrating to longer charts, 2 min above.
The same with the IWM...
Intraday 1 min was negative all a.m., it seems any strength this morning was sold in to
And the 2 min chart never even had a chance.
I'm going to keep checking on specific assets like PCLN, but others on my watchlist, while trying to make sure there's nothing creeping up in FX or arbitrage.
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