Sum
Last week: "Hard to be full on bullish in stocks with TLT so strong and GLD back above all pivots as well."
This week we saw TLT close above its YR1 for the first time all year, GLD jump from its YR1 with the look of support, VIX move strongly above its JunP and XIV clear rejection from YP / 1HP combo. In other words, all 4 of these safe havens sending warnings about risk.
* * *
TLT YR1 / 1HR2 combo resistance since the 2/11 turn. Confidently testing again and first day close above the YR1. After being sideways for 3 months, June straight up so far.
GLD
GLD also back in gear above the YR1 / 1HR2 level. YR1 looking like support is bullish. GLD D looked like it would test Q2P then jumped and already back near the highs.
VIX
VIX pretty clearly sending the alert since 6/7, although the move began before tagging JunS1. The big jump above the JunP shows trouble for real, at least on Friday. Keep in mind that none of the indexes are below their JunPs, so VIX is currently sending a pivot warning sign. My view - trouble serious if above above that Q2P!
XIV
And that is rejection of the YP / 1HP!