Sum
VIX and XIV below all pivots / above all pivots respectively. XIV level that had acted as resistance for the last several weeks on XIV cleared last week.
Interestingly, other safe havens TLT and GLD also above all pivots. Odd considering that all 5 USA main indexes are also above all pivots! Something should give but until VIX/XIV confirms trouble, better to hold stocks. With strength in TLT and GLD however, a leveraged long position at this point would be unwise.
VIX
Stayed under all pivots all month despite a few slights from Q2S1. Bullish for risk assets below all pivots. Also note other stock index buy points at 1HP pivot tests in mid April and mid May.
XIV
Cleared 1HR3 after being stuck at this level for several weeks. Bullish.
TLT
Back above YP / 1HP and above D200MA to boot.
AGG
Also above YP / 1HP and D200MA mostly since the end of May. Lately resistance at Q2R1.
GLD also back above all pivots!
GDX
Just held YP and back above JunP. Still below D200, Q2P and 1HP.