Sum
Last week 4 indexes above long term levels, 1 below.
This week 4 indexes above long term levels, 1 testing.

The nearest levels to watch are the RUT set YP / 1HP area - of huge importance especially considering the low of 2016 was on the YS2. I am implying that the YP area could be a significant top.

Otherwise the other indexes really look fine above all pivots. Only the INDU set tested the JunP (all 3 days in Jun this far).

Simple bullish scenario is above the INDU JunP and RUT lifting above its YP.
Simple bearish scenario would be INDU breaking JunP followed by tests by the others, and RUT YP / 1HP rejections.

* * *

SPX / SPY / ES
Nothing wrong with the SPX set here; above long term levels, and the SPY & ES daily charts show above all pivots. Ideally we would see at least a quarterly resistance level for a major top.

NDX / COMPQ / QQQ / NQ
No change from last week; the entire tech set above all pivots.

INDU / COMP / DIA / YM
INDU vehicles held JunP all 3 days of June. After being the relative leader the rally, DIA has turned into the lagger as the other indexes (SPY & QQQ) are above their JunPs.

RUT / IWM / TF
Test of a very important area, the YP / 1HP. Cash index high bang on YP but held the 1HP on Friday close. IWM similar, yet slightly above the YP on Thursday close; futures even better with holding above both on daily close.

Importance of this level cannot be under-stated with the low of the year bang on YS2. Above would be a huge score for bulls, but at the same time if rally were to stop this is the place at least on this index.

NYA / VTI
Above all pivots.