SPY rallied above its MayP which is bullish. VIX could have stayed above its MayP but didn't. Of the 5 USA main indexes, only the tech set NDX / QQQ / NQ is below the monthly pivot.

Meanwhile, TLT 2nd recent move below its Q2P, also below its MayP. 2nd rejections are often definitive.

Bottom line, despite concerns in the recent total market view post on the blog, USA main indexes are mostly quite fine here. I said the MayPs would be an important tell and so far that is bullish for stocks.

If SPY can hold its monthly pivot then the next resistance levels are MayR1 near 210 which is essentially a high test, then Q2R1 near 214 and 1HR1 / YR1 above that.