USA mains continue in somewhat sloppy fashion: SPY above all pivots but barely, and lower volume, weak advance; DIA and NYA also decently above. QQQ still under JunP (above the others) and IWM pushed down from YP / 1HP combo but well off the lows.

All in all, still quite fine; 3 indexes above all pivots, QQQ above 3/4 and just missing the monthly; IWM 2/2 with long term weak & medium term strong.

The more interesting action was in the safe havens. TLT has been one of strongest trends in the market, and another day down with clear rejection from YR1. Similarly, GLD significantly lower after recently forming a high just 3-4 trading days ago on 1HR3 / Q2R1 combo. VIX dropped back under its Q2P on Friday and still below.

Anything could happen, but if news was about to break up a continent don't you think TLT, GLD and VIX would be going up? That said, Brexit or no Brexit, SPX fully priced at 18x current forward earnings. Check the blog for the tags on this.

SPY and TLT below.