Sentiment April 21

Before market topped:

  • ZN strength, now weaker than stocks
  • Copper strength, correlating with stocks now and bouncing
  • Gold and silver strength, weakened and now strong again
  • Yen weakness, now very strong
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SPY dealer greeks - bullishness building

CPC dipping after OPEX

Dow below Dec low

NAAIM more bearish

NDXA20 oversold and bouncing

NYMO another thrust?

VIX continued to be sold, testing BC

Seasonality - April supposed to be very bullish, now major deviation from the script

Conclusion: sell now ongoing and plan to buy dips