The Russell 3000 Most Shorted Index (mine), has been squeezing since 1 p.m.
The 1 min charts in the averages are in line and look like there's nothing unusual with today's price move at all, it's when you get to 3 and 5 min charts that it starts standing out and the IWM with it's channel buster is one of the ugliest. I suppose if I had to pick a trade really quick among the averages for tomorrow it would be the IWM short or SRTY long which is an open position doing well that I'll continue to leave open.
Remember tomorrow is a Friday so we have the op-ex activity (pin) that we see nearly every Friday.
MSI squeeze at 1 p.m., starting to fall apart.
IWM 1 min intraday, the faint grey line is yesterday's close which the IWM has been struggling with all day-market dispersion.
IWM Channel Buster, I didn't want to draw on the chart, but now the intraday is turning and the longer chart is in place, it looks like IWM will be heading for the lower end of the channel and maybe then some.
SPY 5 min today alone, as I said, 1 min charts won't tell you, it's in the 3, 5 min etc like Index Futures.
QQQ 2 min intraday
VIX futures are still running positive
From a breadth perspective, the NYSE TICK trends from +1600 to...
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