SPY remains above MR1 and below 2HP as i have been pointing out for several days. However, all 3 China related ETFs and the one currency (ASHR FXI EEM AUDUSD) i spoke about in my last video blog post broke levels today. Also, IWM failed at its YP (also mentioned in yesterday's SPY daily as worthwhile to watch) and then also went straight through Q4P without any attempt to hold. This happened as TLT reclaimed its 2HP, putting it back above all pivots. There aren't too many ETFs that fall into that category these days. Last but not least, ES Z5 may have come close enough to its 2HP (within 5 points today) for sellers to come into the market. All this suggests trade-able drop is next move, but the other USA mains SPY QQQ DIA are above support so we'll see if Wednesday's drop has any follow through. SPY IWM TLT and ES charts below.