The Week Ahead

It will be interesting not only to see if the Concept of 3C charts picking up where they left off holds up over a 3-day weekend as it usually does, but with the wild cards of Ukraine and the Euro-Group meeting Monday as the US markets are close, holds up.

If it does, here's the implications...

 SPY opens negative

IWM opens negative

The move higher in the averages above the SPX's range was a probability raised a week ago, but it was also something needed to pullback TLT, VXX to be accumulated and allow distribution of HYG.

HYG...

 5 min

HYG 15 m

TLT 10 min with a reversal process in place as price drifts more laterally from down.

VIX Futures...

 5 min

VX futures intraday

However I suspect the biggest wild card that hardly anyone is catching is the JPY based carry trades, they're on an unwind, this is what I posted 2 years ago , to look for as a primary bear market begins.