In the second part of my leading indicator set, namely, TIPS, TLT, VIX and USD futures /DX...
TIPS is giving an early warning of a sharp dip.
TLT has no indication of a build up in bond demand, but in fact has a gap down bond dumping. Do watch this gap closely, as a close of the gap might signal a reversal.
VIX is not yes bullish despite a recent episodic spike. This may happen again, otherwise it is trending slightly and slowly lower.
/DX appears to be forming a base of sorts, but dropping (bullish for equities) in the near term. Looking out for a higher low formation here...
The secodn set of leading indicators is similarly not aligned. No clear signal, barring surprises, for a retrecement/pullback.
TIPS is giving an early warning of a sharp dip.
TLT has no indication of a build up in bond demand, but in fact has a gap down bond dumping. Do watch this gap closely, as a close of the gap might signal a reversal.
VIX is not yes bullish despite a recent episodic spike. This may happen again, otherwise it is trending slightly and slowly lower.
/DX appears to be forming a base of sorts, but dropping (bullish for equities) in the near term. Looking out for a higher low formation here...
The secodn set of leading indicators is similarly not aligned. No clear signal, barring surprises, for a retrecement/pullback.
