Bullish day. SPY chart nearly reached Q4R1 209.07, but when we factor in SPX and ES it looks even better as both slightly cleared their Q4R1s at 2079 and 2077 respectively. In addition, several other notable bullish developments: DIA rallied above its 2HP 176.42 for the first time since 7/31, IWM jumped back above its YP 114.85, IBB finally lifted above its Q4P 318.47 for the first time since 9/17/2015, and XLF cleared its HP 24.19 for the first time since 8/20.

SPY, SPX and ES below. Above the 2HPs is very bullish. For now we may see a shuffle around the Q4R1s, or the market may continue to power higher given the other bullish developments mentioned above.