First of all, sorry for not posting the promised charts the other day. However, I now have some time to post a few charts.
First the false positives on 15min SPY “buy trend”. Odd to have 2 in a row but this is a text book proof of why only TA is a tool in the box and should not be used alone without risk/money management..
Today we can also see some negative money flow / volume flow on SPY1h. Note also VIX not following lower. Same goes for VXO.
I can’t see much upside in this move but shorting would still be frontrunning at this stage.
