8/29/2016

SPY back above YR1 today, as SPX held YR1 near the low exact. A mild and healthy pullback so far, and take of "pause" rather than "top" as outlined in the latest Total market view on track. VIX back under AugP confirms the move.

TLT jumping the most though, calling BS on the rate increase idea. It is still below AugP, and 2 more trading days before September, but right now on track to open next month above all pivots. We'll see what happens. 

SPY, SPX, VIX, TLT below.