Maybe it wants the lower line of the megaphone? The 200 ma is just above 3940 on the daily

HYG was repelled by the declining 20 ma and 9 ema but so far staying within the pattern. Note that it MAY be setting up for a MACD Kiss Slow Stoch buy signal. Of course it MAY just break down out of the flag

A couple of breadth indicators diverging downward

$VVIX trying for a new low (going back to 2015)

Very nice pullback from upper line of the megaphone posted a couple days ago (or yesterday) by Steve I believe

I may be wrong, but looks like there is a potential MACD Kiss Slow Stoch setup on the $SPX cash daily

Looks like 20/50 squeeze very much in play

TSLA got a bounce off ledge support but ended the day back down there. NVDA another one that gave up all of its bounce

That is important information

$CPC pretty complacent

MRK yawning

Backtest backhand followed by nosebleed. We'll see if it can be stanched

UUP approaching long-term resistance line

$SPX needs to reclaim the 50 ma. So far slipping, undershoot would be natural, lose it and hoo boy. $VIX trying to break out of down channel

UUP hod

Someone (I'm sorry I can't remember who) posted recently that they are using symmetry to navigate these strong intraday moves. The exampee they gave was from one of the upmoves on Thursday or Friday. I decided to follow their example with today's downthrust and see how it plays out. The SPY  chart below targets the 396.50, area which is near the demand zone Steve posted this morning. Not saying it will happen. Just wanted to play around with it. It makes sense in the a-b-c paradigm Matt and Steve have taught

In The Systems We Trust!

Hard to see but $SPX sitting right below 20 ma and just above trendline it recaptured Friday. Needs to hold this support

And the answer is...bounce!

Don’t be silly. You can’t pass ridiculous policies unless we have a perpetual state of crisis. Don’t you know how it works?