Sentiment April 24

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

DG equivocal

CPCE mixed

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Dow below Dec low

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NAAIM more bearish

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NDXA20 bounce slowing down

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NYMO 60

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VIX down

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

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