The VIX needs to clear 16, the swing high on the daily, before I call another bear push started in earnest, and it is sat at 15.74. Meanwhile the Asian range break, retest and run delivered again in the premarket and SPX stays bearish to the breakout target while price holds below 7700. Inside: the crude narrow bar that has become a habit, and a debrief on 4 instruments landing later today.

The gap is closed and the system is still technically bearish, with the overnight futures already breaking the Asian session lows. Crude is developing the breakout called yesterday and ETH/BTC hit its 0.0320 target on a monster bar. Inside: the risk free day built before the open, and the 1 small position that buggered up the lower profit level.

SPX has pushed back into the prior range and left the breakout unconfirmed, with most of the move from range high to range low done in the gap lower. The premarket has nudged below the prior day’s lows, which means continuation 80% of the time. Inside: the crude oil narrow bar that has popped 10 times in 12, and why the profit tents only locked 2 minutes before the bell.

Prices are falling off at last and the other indexes have joined Uncle Dow, with the VIX clue from yesterday holding well. Stocks above the 20 period moving average broke 63% and closed below 60%. Inside: the break in setup you will never find in a TA book, and why 45% is the level that starts the bear move.

Uncle Russ is making new ground in the pre market while sleepy Uncle Dow leads the bear charge on its own, and the VIX has popped 4.84% on almost no overnight movement. Inside: why the SPX compression area is now angled rather than flat, the ETH/BTC target lifted to 0.0305, and Friday’s poppers.

Since the 20 April crash higher, the number of stocks above their 20 period moving average has fallen from 83% to around 40%, and it is sat near 65% now. The index has kept climbing anyway. Inside: the sentiment chart, the SPX breakout setup, and why the ETF poppers beat the cash yesterday.