I thought that the early morning action was a little confusing. The $TICK indicated a bearish divergence, but the VIX.X was showing a bullish indication. The market did indeed correct to test the overnight lows, and then both the $TICK and VIX agreed for a brief period.
At around 1030 ET, we got a bullish divergence from the $TICK and again just before the European close.
Lunchtime!
Charles
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