Sentiment Aug 5

Intermarket correlations:

  • JGB yields new high

DG gamma negative

CPCE down

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Dow above Dec low

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NAAIM 81

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NDXA50 and 20 rolling over

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NYMO -27

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VIX down

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Seasonality - Aug early weakness

Conclusion: All indices below 5MA, but may have dead cat bounce before next down move