6/22/2016

SPY and the rest of the SPX set (SPX, SPY, ES) all look fine above all pivots. In fact, SPY has held JunP as support near exact 3 days in a row. 

VIX sounded the alarm with another close above the Q2P, but so far after hours appear to be on the bulls' side (for stocks, not VIX). TLT bounced a bit, but stayed under its YR1. 

We'll see what happens. So far the best move over the past few sessions has been to lock in some gains on recent safe haven trades and then rotate back into risk - but this would be much better with a VIX confirmation.

SPY, VIX and TLT below.