Today's small up bars are not the greatest, but as long as SPY and ES1 hold above their YR1s, and VIX/XIV not showing any sign of trouble, then best to hold longs.

Remember, my basic view is that I'd rather see multiple USA main indexes on major resistance for a key trading high, and that isn't the case here. Most of all I'd like to see Dow reach its YR1 - not quite yet.

EEM & TLT are tougher decisions. More on both of those a bit later in a blog post.

SPX set below.