P&D DAY 7?

The opening futures pop last night was followed up with guess what? Even more PUMP leading to the 7th consecutive day we have had at least the Pump part of the pump and dump which seems to be working for algos or Institutional money as Friday's Pump was faded in the SPX by 11 a.m. through the rest of the day.

Friday's P&D, ramped until 11 a.m. and then faded the rest of the day

Because price is unpredictable over the weekend, we look at 3C signal;s the end of day Friday as they almost always pick up where they left off and once again Friday I posted Monday with the bottom line...

" my first inclination is another PUMP and DUMP Monday morning."

We'll see about the dump, but it makes some sense if we are moving to a downside pivot (Distribution)...

Even though USD/JPY led the pump on horrible Industrial Production and PMI prints, I don't think it was so much the prints with the market expecting more stimulus from the failed Abenomics/BOJ policy as the Yen destruction has ramped inflation, I think this is a 7-day pattern that was going to happen no matter what and we had signs of that late Friday.

USD/JPY is the clear leader of Index futures, but was it because of Japan or bound to happen anyway? I think the later.

 ES as of last night on the Sunday open, the 1 min chart (as I said I don't trust a signal to hold overnight and this one didn't as a few hours later it went positive (accumulation) and then...

ES this morning ramping around 6 a.m.

We'll watch for confirmation, but also watch for VXX accumulation, that is KEY, that' is what we have been waiting for for the 4th consecutive week now as a timing signal that we are going to pivot to the downside in  a primary trend move, not just a correction.