4422 - Gap and Crap complete.
A lower High on smaller timeframes led to Sell Signals which
were quickly heeded.
The 50/200 are now pointing due South on 5 minute timeframe.
Last Thursday the Divergences provided an enormous warning.
Negative Histograms are waiting.
Chasers are eyeing a considerable "Panic Cycle" setting up whereby
the "everything must go sale" begins and leaves they wanting a return
to "normal" - BTD Failed.
It is rejection, a nasty and very sporty rejection which appears to be
lost on the Herd.
We continue to press our VIX Curve Trade with 21.75 today's target.
I have been buying @ 2050-2055 with buys in all the way down to
2015-2025 for a larger press.
Conditions in the Markets have reversed, the largest gains are made
ahead of the broader Point of Recognition.
The Weekly and Daily indicators are simply N A S T Y.
Sellers were lurking at the Gap Fill and slammed the Chippers and
Dippers.
Ignore them are you peril.
Catalyst abound, pay close attention to the Bond Market.