The rallies are failing in the U.S. Indices, while the breaks have been holding everywhere else.
Bounces have come off the identified oversold areas in the Momentum names.
Support & resistance in the U.S. Equity Indices have remained almost 100% correlated to support & resistance in the VIX & UVXY.
VIX & UVXY…closing over today’s highs give higher tgt’s.
AAPL…by remaining under 526 this remains under pressure.
MVV…closing under 63.80 is price negative.
DAX & EWG…have both held major support and their qtrly macro pivot areas.
EWW…EWZ…FXI are still finding new positive money flows coming out of U.S. names into these indices.
These patterns are still positive.
Time frame trading the rest of the day.
