Closing Indications

There has been very slight improvement in the NYSE TICK intraday the last hour...

 Intraday TICK

 Our custom TICK indicator.

This is very slight improvement, nothing like yesterday's "Just for fun" IWM calls for an overnight trade.

 The 1 min intraday SPY which lost yesterday's divergence or it just ran its course as we did exit the IWM calls at a slight +7% gain, has a very small relative intraday 1 min positive divergence. This is nothing like the one seen at the end of the day yesterday that was worth a shot at IWM calls, this is much less significant.

To avoid tunnel vision and tell us where we really are...

 The 5 min SPY trend with the mini cycle starting from last Monday (the 15th) lows at stage , 2, 3 and now a clear stage 4 decline. That's where we are, we expected a downside reversal this week, we are in stage 4 decline.

 Again, along the lines of avoiding intraday tunnel vision, the QQQ 3 min has also put in the same strong distribution and has also moved in to stage 4 decline from the Tuesday /Wednesday reversal process.

And the IWM which has had a longer cycle running is clearly ending that cycle, look at the leading negative divgerence to the far right hitting new leading negative lows vs. where price is now compared to the cycle lows at the white hash mark to the far left.

This market is moving as we anticipated in the April 2nd forecast, the bounce off support which was expected and normal and the move which I believe will lead us right through support levels, especially the SPX 150-day moving average.

Only surprise news that no one can predict at this point can change the trajectory of price.