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.

SPX managed 25 points yesterday and the 3 day average is now under 40, which would have counted as a spicy day even in the 2008 crash. Meanwhile the VIX sold off hard as though we had trended 50 points straight up. Inside: why the swings are still on the sidelines, and the RUT breakout that needs a pullback first.

Compression continues across the indexes, but the Dow may be stepping forward to lead the bear charge with a clear 123 pattern. SPX ran the range highs again and ground lower all day, and a push below 7700 hands over the breakout attempt. Inside: the RUT coil, the ETH/BTC flip, and how the profit got locked without a butterfly.