Timebandit - Whats your take on $TRIN indicator reaching lows...implies market top...?  Lots of contradicting indicator signals out there, which makes this market treacherous. 

Selling a lot of holdings in tranches during this strong run. Seeing more parabolic patterns; once heard saying when that happens it means 'someone' is in pain on other side...being squeezed or otherwise. Prepared to pivot if situation changes though.

high $NYDNV vol today = distribution. Gap fill is gift to unload.

NYSE % Above 50DMA nearing resistance on Monthly PnF chart; long tail up. Supports selling into resistance, not bullish how I see it.

Matt - If you could share the TICK chart for levels above. Beyond today I have one at 4070, then no major one for a while? Thx

Thanks for the clarification.  

Matt - What does it mean when KISS system indicates a Weekly Buy but no Daily Buy? I would expect a Daily to always precede a Weekly sign.

In this ex, is the preferred sell trigger then based on a higher low from the 10 min chart or another setup? 

Should we view these system shorts as an indication of a potential larger move down vs previous pullbacks in this correction when it didn’t trigger?

GDX also forming nice 5min rising wedge. Just sold some for now.

https://www.investopedia.com/terms/v/vwap.asp 

Matt / Steve - Could you comment if there are valid falling wedges forming on Daily/Weekly Index charts? If so, would like to hear your thoughts. Thanks.

VIX coiling 15min. looking to break up to fill open gap.

$VVIX  basing on 5 min w/in small falling wedge. 

INDU only index to confirm above 50%.

Please keep offering these trader tips. Reminds me of forgotten items or just new tips to improve. Thanks again. 

Steve / Matt - What do you make of the daily SPX/VIX becoming uncorrelated recently?  It will be a binary outcome.

unfilled partial open gap from this morning

15 min Vix Wedge played out and about at symmetry. 

VIX also forming falling wedge on 15 min chart...