I don't know what to think of today's action. SPY looks like mild pullback and decent hold of rising daily 20MA (bullish); but NDX looks like another drop below the 2000 high (bearish). DIA looks like weak buying from support (bearish); but IWM is minor selling from resistance (bullish).

Safe havens are not helping either: TLT big drop from SepP today which I think is mostly bullish for stocks; yet VIX reversal bar signals caution.

Not sure how all this will shake out, but right now IWM YR1 has stopped the rally.

SPY, NDX, DIA, IWM and TLT and VIX all below.