Another Market Update

Remember dispersion between the averages, we saw it this week with the Russel down big and everything else moderate. It looks like the SPY wants to bounce and maybe the DIA, but the QQQ and IWM are not confirming that same signal.

As a matter of fact as we approach the close, it looks like the QQQ and IWM are seeing the pros come in and sell the afternoon strength off the afternoon lows.

I was thinking of putting in some hedge, close UVXY and maybe short it, but the signals for VXX and UVXY don't support that.

I think this is going to come right down to the wire as charts develop even faster in to the close.