1) look at our latest timing post which alludes to the possibility of a temporary high around Monday with an intermediate Pivot around the end of the month. This resonates nicely with bearish OPEX outcome for next week
2) The ISE Equity options activity has not flipped to the bullish side which we could have expected given the level the pink curve was earlier this week...
3) The BIAS is negative !!
4) Our VIX_OSC had a strong move and looks long in the tooth and ready for a flip...
5) Our VIX_OSC 2 also deems to indicate a flip
6)...as does the CBOE Options data
Bottom line:
Monday should be the tell. If Mr. Market can sustain the upsaide momentum on Monday then we could even see an upside melt up. The chances clearly hint at a downside draft !!
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