Prior week: SPX halfway clearing resistance, INDU major resistance still ahead. Other 3 - Tech set, RUT, NYA all above support and not yet at major resistance.
Last week: SPX same, INDU holding Q3R1s as support, Tech set strong above 2HR1s, RUT above Q3R1 and NYA bit below Q3R1s.
Although INDU set faded a bit from JulR1 top on 7/20, it has held Q3R1 as support since then. SPX set struggling to clear SPY and ES1s, but no sign of rejection. Similarly, NYA struggle at Q3R1 but no rejection, and NYA above. Most importantly, Tech set getting in gear for one of the best moves of the year. Maintaining above 2HR1 would be bullish. Next resistance is Q3R2.
The bottom line here is that so far indexes have digested gains in a healthy manner with no sign of rejection from resistance. NDX in particular looks ready to make a new all time high.
SPX / SPY / ES1 / ESU
SPX and ESU maintaining above YR1s, but SPY and ES1 YR1s still look like resistance. Any higher would be bullish; if lower then SPX YR1 2163 may still hold as support.
NDX / COMPQ / QQQ / NQ1 / NQU
NDX and COMPQ finally getting in gear with fast move above YP - the 3rd time the charm because unlike the previous two disappointments this year this rally went straight to 2HR1 and above. YR1 looks doable by year end. The daily charts show quarterly and monthly resistance levels, but for now anything above 2HR1s is a sign of strength.
INDU / COMP / DIA / YM1 / YMU
INDU almost but not quite tagged major resistance; COMP exceeded slightly and fell back. DIA shows the top near JulR1 and mild pullback from there to Q3R1s which are holding as support. Not bad, but I'd really like to see a tag of INDU YR1 for a trading top.
RUT / IWM / RJ1 / RJU
All these look the same; above Q3R1 which is holding as support, not near any resistance yet although we'll have new August pivots on Monday.
NYA / VTI
Note how NYA weekly chart 6/27 bar and 7/4 bars confirmed rally, although like NDX choppy frustration from 4/11 clear to 6/20 break. For now above support, YR1 looks doable by year end. NYA daily chart struggling a bit with Q3R1; VTI looks more like IWM, above Q3R1.