VIX rarely disappoints. Yesterday's launch from YR1 support was bearish for the market, along with pivot rejections on SPY, DIA and NYR1 rejection from leader QQQ.
New March pivots will be a major tell. As I type ES, YM and NQ still above MarPs. But it is likely that we see global indexes in mixed condition, with at least some names below monthly pivots.
If MarPs don't hold on the current leaders, watch out below.
SPY and VIX below.
