8/20/2018

Indexes higher today, but some signs that a power through to new highs will not happen tomorrow:

TLT reclaimed its HP and D200MA; often, strength in safe havens is a prelude to stock weakness.
VIX held its YP - similar point in that if risk on were stronger, given the index move, this should have broken.
RUT small advance; NDX still below its WP.

I do expect SPX to test its 2018 high and reach HR1 area - matter of time. But that might not be tomorrow.

SPX, VIX and TLT below. 

20 1 SPX D.png
20 3 TLT D.png
20 2 VIX D.png