Interesting reversal day in the markets. Early in the day most risk assets looked like rejection; by the close several levels had been saved.

Concurrently, some of the safe havens faded from major levels too - I'm talking TLT tag of Q2R1 and JunR2 (although recent clear of YR1 & 1HR2 is longer term bullish) and GLD full high volume reversal bar from Q2R1 and 1HR3. VIX is just under Q2P but not with the look of rejection yet - something to watch for tomorrow and would help confirm any further stock rally.

The SPX set recovered their JunPs - incredibly - but without yet having the "look of support." Back above all pivots forces me to be bullish, with the dividing line SPX 2075, SPY 207.77, and ES 2073.50. All charts below so you can see what I am saying - a minor fade would put indexes back under pivots, but if that doesn't happen and rally continues, as is the case in ES overnight as I type, then perhaps the shakeout is done and market on the way to test 2015 highs.

Also, not shown on charts: IWM held JunP exact; NDX cash held YP near exact, and NYA could have broken its YP but didn't. All in all a decently bullish day for risk, so if you didn't take off hedges or put some money to work then watch the open Friday on all the JunPs and VIX Q2P.