No change to SPY pivot status, but looks like another test of YS1 186.25 coming up. As usual, I don't know what will happen but things look more bullish above (as in holding a yearly S level and establishing a higher low) and definitely bearish below (as in 2nd break of major support and then potentially lower lows). On the ES, the YS1 level is 1866 which is close to testing as I type. We'll see what happens.

In the meantime, check out the blog for posts on oil levels to hold and QQQ showing why the bounce wasn't a buy yet.