Index Futures Update

This feels like the real thing, but remember , "Wall St. is never going to make it easy", they are going to throw sharp counter trend reversals, they'll likely keep conditioning retail to believe "Buy the dip" is a sound strategy to lock them in a bull trap north of SPX $1900.

As for the charts in Index futures, almost all are in line, there are some 15 and 30 min charts that are leading negative in a big way, but ultimately what really matters is the 60 min chart to set this apart from a "pullback or correction".

All of the Index futures and even VIX Futures are showing the same very serious event unfolding as we expected to see this week per Friday's The Week Ahead post in which the charts all looked like the head fake run was done and this week it would be unwinding to the downside, momentum has done exactly that since Monday.

 ES 60 min (RSI in the lower window)

NQ 60 min

TF 60 min, note there's a lot of similarity between 3C trends.

 And look at this VIX futures 15 min, we saw this accumulating last week in some size, plus those strange huge volume spikes in VXX after hours.


And surprisingly, the 60 min VIX futures.

I have more to go through as well as assets.