These charts were scattered all over the place and it's typical for 3C divergences to pick up where they left off the next day, thus this morning on the gap down we saw an initial short squeeze...
Right now we have confirmation in just about everything with yesterday's XLF calls in the green and the TICK Index hitting the +1200 area twice this morning.
Right now everything just looks to be taking a break.
As I said last night, I think we are near the end of the basing process for a bounce and with recent inflows (small as they may be) in to HY Credit, I suspect that's another hint we are going to bounce so long as nothing too crazy happens in the Ukraine.
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