Notes

This level on the VIX, has practically made it impossible for the market to sustain any kind of real sell-off.

Current trend-line of $SPY on the 30 minute chart. Could see a a bounce that takes it back up to the declining trend-line.

Sector Analysis is all over over the place. One clear theme though is that the Defensive sectors are leading.

No movement in this industry going back to September. Completely sideways! Traders getting long today are doing so without looking at the bigger picture of how semis have done nothing the last 6-months.

Tested the last two days. Will it hold a third?

30 minute chart of QQQ shows the potential for another leg lower.

SPY has consistently held the 5-month moving average since this rally began in late '23. Right now it is getting tested. A hard break below and close below, could signal a shift in the market.

SPY refusing to let go of the 50-day moving average. Another hard bounce.

Retail sentiment falling hard and fast.