11/18/2016

SPY faded a bit from NovR2 today. 

Overall action was mixed - QQQ slight rejection from NovP, and DIA back testing its YR1 area. But IWM continues to power up, and VTI is still above YR1 as well. 

If we allow VIX & XIV to settle the issue, then bulls still have the ball and this is more likely a pause that start of a big drop. I'll try to figure it all out on the blog.

SPY & VIX below.