Sum
2017 market leader QQQ powered up above YR1 without even a day of pause. SPY and VTI powered up above 1HR1 / Q1R1 clusters as well. Price action is massively bullish. DIA is testing its resistance cluster, and IWM is being left out of the party. While this means breadth is weakening somewhat, NYA/VTI strength helps mitigate. Strength begets strength as a pause likely precedes a drop and the market hasn't even paused yet. DIA resistance cluster is main level to watch this week.
Charts
Cash index weekly charts with long term levels only
Daily ETF chart with long term & medium term pivots
Futures current contract pivots only (no S/R) and MAs for clarity of entries (now March 17 H)
Futures "1" continuous contract with the works
SPX / SPY / ESH / ES1
SPX leaped above its 1HR1 and looks on the way to YR1.
SPY just no red at all at the resistance cluster and very easy to hold through.
ESH shows amazing trend however you want to look at it - above all pivots from 11/9, MACD positive from 11/9 and not one dip into negative (blue line), above rising 20MA every trading day since election except 12/30. RSI is even higher last week than election win and with divergence more likely at tops that high values, this is very positive.
ES1 which includes Bollinger bands also a classic example of strength - several power up bars outside the daily BB, especially last week. Last tough of lower BB was 11/9.
SPX sum - amazing trend above all pivots and rising MAs, and no damage at resistance cluster. We are likely to see a stall before a drop and that hasn't happened yet. Even so, it will be dropping to support which will likely be bought.
NDX / QQQ / NQH / NQ1
NDX powered through YR1, and looks like it will test 1HR2.
QQQ shows daily view of powering through the YR1, and massive launch above the level the very next day. Soon at 1HR2.
NQH all above rising 10MA since 1/4 and RSI 80+!
NQ1 lifting above YR1 and still powering outside of BB.
NDX sum - Massively bullish to power through YR1s without even a day of pause.
INDU / DIA / YMH / YM1
INDU slightly above its YR1 but near enough to be watching closely next week.
DIA at resistance cluster of 1HR1, Q1R1 and FebR3 - so far still looking strong.
YMH dipped below 10 and 20 a couple of times but all above rising 50.
YM1 also at resistance.
INDU sum - Testing resistance cluster of 1HR1 and Q1R1.
RUT / IWM / RJH / RJ1
Left out of the party this year. Weekly chart far from long term resistance and RSI not overbought.
Daily chart above FebR1 but barely above 2016 highs.
RJH chart broke D50 a few times and MACD negative.
RJ1 chart not powering up outside daily BBs like the others.
RUT sum - 2016 Q4 leader turned to 2017 Q1 lagger. Crucially, this means breadth is weakening somewhat. Still, RUT above all pivots and rising MAs so cannot really be bearish.
NYA / VTI
Both powered up above 1HR1 Q1R1 cluster, bullish.