HK_L61

SPY - Bearish Arrangements

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
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.
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