Two Charts and Relata

$ES continues to count well as a 1-2-1-2 pump (discussion from this morning is here). We’ve now come to the 50-61.8% retracement range (there was no requirement to), and are testing the green trend line again.

ES

— The $VIX has retested the Great Sven Wedge™ from within. Also, $VVIX is merely tepid at 110.

VIX

— Dark pools showing strong institutional buying today:

— Crypto seems to be screaming risk on here.

— We closed the cash gap today.

— There are an unreasonable number of analysts looking for lower prices here, and so forgive me, I cannot be among them. If my general drift here is correct, we should be moving up very sharply soon.


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