10/18/2017

Markets continuing strong despite all the overbought conditions. A bit odd to see SPY nearly flat, DIA up .7% and QQQ down. Here's the quick rundown:

SPY above OctR1
QQQ pause at Q4R1 & OctR2 combo (more set up for a drop)
DIA launched above YR2 and made it to Q4R2
IWM back above 2HR1 slightly
VTI above Q4R1, NYA below = tie

Also watching IV that is nearing the next major level at 2HR2 for a market turn and counter-trend trade setup. VIX remains "off the lows" so this is a bit of a divergence to indexes. 

SPY, QQQ, DIA and XIV below.

18 23 XIV D.png