The latest Total market view from 8/13/2017 was clearly bearish. On Monday I put bearishness on hold with 4 of 5 main indexes recovering above AugPs, and XIV bouncing massively from 2HP and climbing back above Q3P as well.

On Tuesday, markets seemed to confirm the bullish view with VIX dropping under its 2HP / Q3P combo at 12.23.

Due to travel I did not have time to post on Wednesday. Wednesday was not too glaring, though SPY faded slightly under its Q3R1, DIA from AugR1, and perhaps the clearest signal, NYA faded from its YR1 / AugP combo. Yet none of these moves were enough to say definite rejection, and VIX stayed under 12.23.

Thursday saw VIX moving above its critical level early in the day and big trouble from there.

SPY & QQQ Q3R1 rejection and AugP break
DIA 2HR1 rejection
IWM failed at 2HP on the bounce, continuing to lead down as called, and today broke D200MA
NYA with the best tell - YR1 rejection

VIX and XIV confirming trouble - VIX above 2HP / Q3P from early in the day as mentioned, and XIV down below 2HP. TLT fractionally above all pivots, and GLD slightly disappointing as a safe haven but above all pivots, back to the Q3R1 without any rejection.

If there is any doubt about risk-on or risk-off I always check the VIX - and it was very easy to return to my bearish view soon after open.

Also, I will write more about this soon in a dedicated post, but my Timing work is on a roll. Consider the following dates for August (first posted at the end of July):

8/2
8/8
8/11
8/16
8/21
8/25
8/30

At the time I thought jeez, too many dates this month to be of much use. However:

8/2 not much event
8/8 key high
8/11 key low
8/16 key high
8/21 key low?

Alas no direction on these in advance, though that was my specialty while at a hedge fund for 3 years that had world beating returns in 2013.

SPY, NYA and VIX below.