Sentiment April 22

Before market topped:

  • ZN strength
  • Copper strength, correlating with stocks now and bouncing
  • Gold and silver strength, weakened and now strong again
  • Yen weakness, now very strong
Description of the imageDescription of the imageDescription of the imageDescription of the imageDescription of the imageDescription of the image

SPY dealer greeks - slightly bearish

CPC building up again

Dow below Dec low

NAAIM more bearish

NDXA20 bounce slowing down

NYMO dip

VIX bounce

Seasonality - April supposed to be very bullish, now major deviation from the script

Conclusion: sell now ongoing, wait for a final dip