Indices continue to seem heavy despite holding impressive year-to-date gains. Will the dam break heading into year end, or will we see a fake breakdown and one last buying opportunity before Santa rallies yet again?

Most indices staged an impressive recovery today on the heels of the CPI report. Red flags are emerging, though, giving us pause in adopting care-free bullishness.

Most indices staged an impressive recovery today on the heels of the CPI report. Red flags are emerging, though, giving us pause in adopting care-free bullishness.

The pullback continued today, with the last of the major indices (QQQ) joining the others with a loss of the Hull Moving Average. We’ll take a look at the GEX picture entering CPI premarket as well as a few levels to watch.

We see what might be the start of a pullback that we’ve been anticipating, but how far it goes will help to paint the picture of what we expect next. Let’s take a look at shifts in today’s GEX landscape.

While SPX and QQQ are in a complete zombie march higher, SMH is barely blinking after being in a coma for a few months. Will SMH wake up and play catch up after QQQ’s catch up already happened, or is it a warning sign for complacent bulls? We don’t have the answer, but we hope you’ll read anyway, and then share with us whether or not the information we present led you to a solid conclusion.

Indices are struggling at the upper Keltner channel, but we still need to see if we can tag 6100 Friday given the large GEX cluster expiring. With VIX and VVIX diverging, we might see a market pullback quite soon.

We continue seeing gamma (GEX) increase at higher levels. But net positive GEX has actually decreased for the last couple of days. Does this divergence (and others) imply that the rally is in danger?

The VIX initially gave the appearance that we would finally see a pullback, but the decline was suspended and we ended up with yet another boring day amongst a series of boring days. How much more “boring” will the market give us?

We are rapidly approaching upside targets, and QQQ vindicated our call for “catch-up” to the S&P with today’s relative strength. An inflection point may be nearing, potentially within days (or sooner).

While the AAII survey shows that investors are not very bullish, they may be surprised by the continued grind higher. We look closely at a few reasons to support this notion.

While the semis decline may be a warning sign for the intermediate to longer term, we may be approaching an area where SMH and its representative holdings may stage a rebound attempt. Let’s look at NVDA and QQQ in today’s short holiday edition of our newsletter.

The slow grind continues as non-tech indices lead us higher. With the VIX back in an area that was resistance-turned-support, will the grind higher continue or will we see a pullback first?

Well, there it is, or rather, there they are. We saw the VIX drop to 14.5 and SPX hit 6000, with a reversal immediately occurring thereafter. Let’s look ahead at the short week and talk a little about positioning into December.

Intraday action has been tricky lately, but the highest probability still points toward higher, even if briefly. What do we see looking at this upcoming shortened Thanksgiving week?

We’re right on track for our highest probability outcome to come to fruition, including today’s rally to the Hull Moving Average on QQQ, SPY, and SPX. Tonight, let’s look at the next scenarios more closely.

The VIX continued its climb, making yet another recent high, yet we see a potential reason for bulls to be optimistic heading into the end of the week.

The VIX made a higher high today, reaching the 18-area that we’ve mentioned as the zero GEX level. We are still within the range that we’ve expected until we are beyond VIX monthly option expiration in the morning. What’s next?

We saw a dramatic positive reversal in GEX for indices today, while price action was positive, though not overwhelmingly so. Looks like the next move will boil down to the resolution of VIX expiration Wednesday and NVDA earnings thereafter. What clues do we have at the moment?

The VIX spike arrived just in time as we were warning our readers last week. We can’t spend too much time taking victory laps, we still need to make money tomorrow and the next several days and weeks ahead. What’s next?