Sum
VIX below all pivots, and XIV above. In particular VIX could have jumped higher last week but didn't. So these are still supportive of risk assets. However, XIV 3 day overshoot of YR3 and rejection is not to be dismissed.
We could have just seen the major turn in XIV for the year. If you think this is too much a stretch then please review the charts towards the end of this review and see if you are convinced that seemingly unstoppable trends can and do end on yearly levels.
Next move critical for XIV. Any weak up that is still under YR3 could invite a big drop.
GLD above all pivots and GDX also almost there as well. But some of this is $USD weakness. TLT saved a breakdown, but still under 3 of 4 pivots. Conversely, AGG actually looking quite good and nearly above all pivots.
VIX
W: Could have jumped more, but didn't. Not quite a full reversal bar.
D: Still under all pivots.
D: D20, D50, D100 all falling slope and looking more like resistance. Latest moves did not tag either BB.
XIV
W: 2HR1 and YR3 pause. Next move critical!
D: Very important cluster 2HR1 97.84, YR3 95.41, and Q3R1 93.24.
TLT
2HP and D200 save. Still under 3 of 4 pivots though.
AGG
YP has tried to rally a few times. Any higher and AGG above all pivots.
GLD
Above all pivots! Yes, some of this is DXY weakness.
GDX
Has lagged GLD technically all year, but could be on verge of reclaiming decent uptrend status, above all pivots and MAs.
