WEEKLY Timer Chart
We've dropped 2 sigma levels in 5 wks as our prop CI Indicators continue to rotate. Look at CI for WEEKLY NASDAQ ... clear BEARISH Divergence seen between now vs April '12 & Sept '12
WEEKLY Wyckoff Chart
As of Thursday night, we are on BUY-SELL, if this drop continues into July, we should be on SELL-SELL.
Worth noting: SP1 had a +1 sigma retest failure on Tuesday and now enters into -1 to -2 sigma channel....bye bye longs? not so fast, sailor
VIX & VXN Charts
Shockwaves (fav of @Lynnegya) continue.... lack of +4 sigma observation indicates, most likely, we aren't done here yet!
Is the 5-day TRIN setting up for another SELL signal? -- we just had one the other week
% of $SPX Components above 200day Moving Averages:
well. well, well.... our line-in-the-sand (GWHB, #41 fav words) was at 85%