Please read chart notes. Yellow and orange arrows show how VIX moved lower as S&P 500 resumed its uptrend. However VIX is below 20 after a long time, and these two inside candles contradict the index price action. IWM is retreating from 226 resistance; though I wonder if it still serves as a leading index.
On the S&P, RSI is high and should turn lower. More importantly, stochastic %K (pink) peaked over 99 on Friday and decreased as price moved higher on Monday. %D (aqua) should round down also. Stochastic tends to lead RSI.
On the S&P, RSI is high and should turn lower. More importantly, stochastic %K (pink) peaked over 99 on Friday and decreased as price moved higher on Monday. %D (aqua) should round down also. Stochastic tends to lead RSI.
