Intraday market Update

Again another TICK channel buster, just above VWAP as shown in the last post and it looks like downside in to the close. Interestingly, ABOVE VWAP- if you were able to see that in the last post yet, we get distribution signals in all of the averages confirming EXACTLY the distribution whether selling longs or short selling, at VWAP or greater just as would be expected in a reversal process at the end of a trend. If you don't know what I mean, be sure to see the last post as you may not have had time to read it yet.

 Another NYSE TICK intraday Channel Buster just like yesterday, this time above VWAP's standard deviation as shown in the last post.


SPY 1 min intraday which was in line, negative right at the area of ES above the SD of VWAP, right where you'd expect selling/distribution.

 QQQ negative at the same area, above VWAP/ES.


DIA showing the same intraday negative signal at the same time, above VWAP in ES.

And IWM as well.