Bullish developments. SPX set back above Q4P after trading under for 9 straight straight trading days. The decline was limited to Oct S1. Still under OctP though, but with only 5 more trading days in the month, the Q4P is the more important level. Tech set continues to lead and looks great - going for YR1 area target. RUT also lifted from its Q4P after barely recovering on Friday. And lastly, VTI reclaimed Q4P.

But INDU set remains the weak link under Q4P, and NYA not matching VTI as well. Still, the overall pivot status changes today were bullish as safe havens continue quite weak.

SPY, QQQ and DIA below.

Long QQQ and hedged via short DIA (and other leaders per the latest Total market view on the blog) although DIA close above Q4P would mean significant reduction of that hedge.