Opening Indications Part 2

Here's a look at the averages, you'll notice a cycle that started on the 28th, it's still part of the massive choppy area in you look at it on a longer chart so not a great trading cycle, but the 4 stages and volatility shakeout after a move to stage 4 are present in all of the averages.

 DIA 1 min non-confirmation

 DIA 3 min non-confirmation

DIA 5 min w/ the 4 stages since the 28th, the most recent today and late yesterday look to be a "Volatility Shakeout.".

IWM 1 min negative

IWM 2 min w/ the 4 stages, also at a volatility shakeout, this is part of the reason that I think shorting in to strength in this area makes a lot of sense, you have to know where you are to know where you are going and it seems we are at the first event after stage 4 decline begins, the shakeout.

IWM 3 min is in line

QQQ 1 min is negative like the others and Index futures this morning

The 2 min is leading a little from yesterday

The 3 min is roughly in line, you can see the negative at stage 3

SPY 30 min showing the cycle from the 11th, this is what I was talking about yesterday, there are at least 3 cycles all converging at the same time on the pivot to the return to stage 4, like confirmation of multiple timeframe analysis.

 SPY 1 min negative

 SPY 2 min negative

SPY 5 min cycle has the right signals, the current move is in line thus far, but may start going negative as I don't really expect much from the bounce, so I'll be looking for assets and making sure as best I can that we are where I think we are.