I found this chart rather interesting. What has not happened that should have? VIX divergence, USB spike and the SPX becoming disassociated from the TNX all together with the telling (this time proactive and not reactive) spike in the USB. Volume fading away. My guess is that SPX falls to equilibrium with TNX and the VIX goes ape shit. I'd load up on VXX. This fits really well with the HnS charts on the big blog this weekend.
Everyone have a good one. Leave links or comments or whatever. I'll update the post (from top to bottom) with whatever I see worth reporting.
Morning Post 05/17/2024 SPX
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X is lit up this morning raging against the system.
Good v evil
On to the lie -
Minis flat. Struggling with double top resistance. At this point STB ...
17 hours ago