Trin was elevated most of the day, but VIX got crushed. As you can see, we're at the top of the triangle and we're going to break really big either way very soon.
Big swings like this usually occur at tops or bottoms. Feel pretty confident this isn't the bottom. Did they just squeeze shorts for the last time and trap bulls right at resistance AGAIN? TBD.. Short interest still seems too high to drop it. Next week will be interesting.