The reason I can't condone a trade in the SPY, IWM, QQQ, etc beyond the minimal risk we have open in IWM calls, are these charts...
SPY 1 min positive divergence, but there aren't many/any confirming charts, at least not yet.
SPY 2 min is in line, not positive.
ES/SPX futures as mentioned are leading positive 1 min
The next timeframe 3 min is perfectly in line, not leading.
UVXY looks a bit different.
UVXY 1 min leading negative
2 min leading negative
VXX 5 min negative
10min with the stronger long term positive divergence and a more immediate negative divergence.
15 min UVXY negative divegrence
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