Sum
VIX and XIV remain supportive of stocks. The VIX highs of 2017: 3/27, 4/12-17, 5/17-18, 6/9-12 and again 6/15 have all been on pivots at MarR2, 1HP, 1HP, Q2P and JunP respectively.

But TLT (along with related yield charts TYX and TNX) testing YP / 1HP combo which is a huge level for markets. Bond strength ie yields down was not in the Wall Street script for 2017 and the TNX that began the year near 2.50, already off the highs of 2.62, as dropped all the way to 2.10 just last week and still just barely off the lows at 2.15. I think if the market goes in the direction of bonds (TLT above YP, TYX and TNX below) then stocks will be more at risk for a drop.

GLD mostly range bound and turning nicely on pivots this year. Currently on JunP, also a level to watch.

VIX
VIX remains below all pivots and daily MAs. Recent test of JunP and Q2P was the high for the month on 6/12. If stocks were to put in a real correction, we would see VIX above the Q2P at least and possibly the 1HP (which was the highs in mid April and mid May).

In charts not shown VXN has been above the Q2P since 6/5 and did a great job on warning of tech drop. Otherwise only VVIX (VIX of VIX) is above any pivots. VXD (Dow VIX), RVX (Russell), VBEM (Emerging mkts), VXV (3 month) all below all pivots.

XIV
Again up to 1HR3 - the highs on 5/16, 6/5, 6/9, 6/13, 6/14, 6/15 and 6/16.

TLT
Testing YP / 1HP combo. TYX and TNX are doing the same. I think if the market goes in the direction of bonds (it TLT above YP, TYX / TNX below) then stocks should be more at risk for a drop.

AGG
Already above YP for the second time this year since 5/30.

GLD
Turning on pivots. Testing JunP now.

GDX
Just cannot get going on the long side when GLD shows strength - and another rejection at the D200.