End of day action.

I'm not sure what the value of the intraday afternoon bounce was about, but Vix was hammered in to intraday lows to get it, averages are giving up the entire gap-if that is not bearish enough, but VIX has been otherwise outperforming right up until intraday lows, the SKEW Index should be interesting tonight given protection bid in VIX.

I think HYG is finishing its distribution process and that's about it.

The Q's , IWM,  and SPY easily have some of the sharpest 1-day and trend negative divergences through the entire period starting at October lows.

Pro Sentiment is SHARPLY off in to the closing hours.

Both 5 and 30 year yields are SHARPLY lower, especially in to their close, they tend to pull the market toward them.

HYG is in line almost perfectly with the SPX, however the intraday and 10 min charts are sharply negative.

Financials are SHAPLY negative, I would absolutely add or start a Financials short here, whether XLF short or FAZ long, my preference.

Tech is sharply divergent.

Nikkei Futures are also divergent and should continue lower.


I'll post as many charts as possible, but this looks like a disaster