Does this look like a buy?

The last few blog posts put forth very extensive reasoning why I thought the markets might be making a big turn, but not a big buy. Basically, my logic boils down to buying what is above pivots and avoiding or shorting what is below pivots. And despite the strong bounce, there is no stock index or ETF above any pivot yet (except safe havens TLT, GLD and inverse ETFs). 

Due to pivot structure, QQQ has the best chance of any stock or index ETF to reclaim its YP (again, other than safe havens TLT, GLD and inverse ETFs). This is how it looks today. Does this look like a buy? Nope! Crystal clear rejection from the YP today, which is potentially very bearish in this kind of market. 

QQQ pivots only chart below shows all pivots (Y 1H Q1 Jan) but no R or S levels. 

View fullsize