Sentiment April 23

Before market topped:

  • ZN strength
  • 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 - slightly bullish

CPC complacent again

Dow below Dec low

NAAIM more bearish

NDXA20 bounce slowing down

NYMO thrust

VIX flat

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

Conclusion: bounce came earlier than expected, maybe one final flush