Maybe yesterday looked better with ES clearly holding YS1 support, but today SPY rejected from Q1S1 and another test of the YS1 area underway. The SPY level at is a bit lower 186.25 than ES at 1866 due to those 8/24/2015 spike lows. As of the close, ES and NQ are still (barely) holding their YS1s. Yearly levels are a big deal! As usual more bullish above and bearish below, and definitely bearish below on a close. If the YS1 area breaks then we have to start thinking Q1S2 at SPY 179.01 at minimum, but for today, yearly support is holding.