Prior week: "Last week: SPX set divided with 2163 key level; NDX still strong above all pivots and not at major resistance; INDU set continuing downtrend from YR1 near tag, and recent high on Q3R1 / SepP combo; RUT back to YR1 for test and so far not above; NYA/VTI also more in bearish camp with earlier August high on VTI YR1 and September high on NYA Q3R1 / SepP combo."
Last week: SPX still divided, NDX still strong, INDU set stayed below Q3R1 / SepP, RUT again dropped from YR1, NYA stayed under Q3R1 / SepP combo.
Sum
Tech set still strong and looks like it should go higher. Others weaker and dealing with resistance on SPY YR1 (yet SPX YR1 2163 could have broken but didn't); INDU near tag of YR1 at August highs, then Q3R1 resistance (which won't exist on 10/3); RUT YR1 still in play, VTI YR1 near enough as well.
Due to how the program works, we cannot see new Q4Ps or OctPs until Monday bars open, so I will keep to long term levels (Y and 2H) only here. For this week only I will use cash index and ETF only, and put both weekly and daily charts for each. This will give us context for the new Q4 and OctPs we will see on Monday.
SPX / SPY
SPX W trying to climb back above YR1 but not quite with look of support. Still, twice last week we saw selling from this level only to end with no damage.
SPY W looks more like resistance, and still seems like an invitation to sellers.
SPY D all tech indicators shows SepP as resistance for many trading days in the past month, and recently along with a flat 50MA (purple).
NDX / QQQ
NDX, 2nd half USA main index clear leader, looks like heading up to 2HR1 / YR1 combo. QQQ all tech indicators show hold of nicely rising 50MA with only 1 day slightly below the level. From there has been above rising 20MA and all pivots since 9/15.
INDU / DIA
INDU weekly chart has faded sideways after making a high very near YR1. DIA daily chows SepP as resistance on 9/22 and low on SepS2 on 9/12.
RUT / IWM
RUT stuck under YR1, but looks more bullish here by climbing back above 2HR1. IWM remains below both and also invites selling. IWM like QQQ has recovered a rising 50MA, but spent a few trading days below the level.
NYA / VTI
NYA between long term levels for several weeks. VTI made top on YR1 which on the weekly chart still looks like it should be resistance.