Sum
Last week: 4 main indexes above long term levels; 1 testing.
This week: 4 main indexes above long term levels; 1 testing - .

Testing with a negative is referring to the Russell, that tried to clear its YP and did for 4 days, then got whacked and dropped back under the level for the weekly close. It is hanging on to 1HP however. Anything lower will look more bearish.

The Dow COMP has also given good signals this year and put in a toppy bar under 1HR1.

DIA and VTI reached JunR1s and fell back. While all the main indexes are above JunPs, the tech set is already testing and given the market it will be interesting to see if those hold. When above pivots I force myself to be bullish, but I would not be suprised at a break here.

Simple bullish = RUT / IWM holds 1HP and back above YP, NDX / QQQ hold JunPs and up from there.
Simple bearish = RUT / IWM breaks 1HP, NDX / QQQ break JunPs and drag others lower.

* * *

SPX / SPY / ES (new U contract)
SPX had some selling near the top of the range but the pivot and weekly chance view is not bad; no pivot resistance and 2 small red bars could be a pause. SPY actually did not tag its JunR1 so limit orders there would have been unfilled. Still above all pivots and perhaps we will see a test of JunPs.

NDX / COMPQ / QQQ / NQ
Still above all pivots, but already testing JunPs. Obviously an important level to watch next week.

INDU / COMP / DIA / YM
INDU not at any pivot level, but that COMP chart does look like a drop is the next move. DIA reached JunR1 and down from there; still above all pivots.

RUT / IWM / TF
RUT tried to clear its YP but didn't; so far hanging on to 1HP - very key levels to watch from here! IWM also showing 1 day overshoot of JunR1 then down, also below its YP while holding 1HP.

NYA / VTI
NYA came close to reaching Q1R1 but not quite; still above all pivots. VTI exact tag of JunR1 and down.