USA main indexes rallied but things are not as strong as they seem according to The Pivotal Perspective. SPY, DIA, QQQ clearly closed under resistance.
VIX and XIV are quite fine here so I don't want to be too bearish but I don't see a reason to change positioning yet. USA longs working, IWM hedge working, FXI shorts working.
PS - DXY longs doing well!
SPY, DIA and FXI below.