SPY and ES again down, yet above the FebPs. But that's over and now the MarP levels are what matters.

QQQ dropped from its FebP today with a clear rejection. I must say the pivot change-over periods is one of the trickier parts of the method. Do you take this as a short signal, when the level is no longer in effect as of the close and the next MarP should be about 100.70? Doesn't seem like it to me. But then again rejections on 12/30-31 2015 did very well.

IWM also rejected its YS1 today, which could have turned into support, so that's a point for the bears. From the weekly strategy sum: "We'll carefully watch what happens at the big levels like RTY / IWM / TF YS1s...."

So far any further shift into bounce scenario and reduction of safe havens after 2/22 has been a mild mistake (although buying 2/12 and then 2/16 both right idea and chance for some gains). GLD in particular would be very bullish to maintain above its YR1 117.94 for the second close now. Per my timing bias I'm ready to add back to full safe haven positions and shift stock longs into shorts, but think best is to wait for a clear setup.

As of now the main USA indexes will be dropping onto their MarPs which should be some kind of support. What looks more clear is DXY above all pivots and EUR below all pivots so those into currency trading should take a look at the MarPs tomorrow.