1/31/2017

Not much change to USA main indexes, VIX and XIV. 

And yet as we head into February, USA indexes excepting QQQ have been mostly above pivots since 11/8-9. This is a quite a run, and even strong trends will test monthly S1s or S2s from time to time. Given monthly chart configurations and where the FebPs are likely to be, I think this is the most likely scenario ahead. 

Unfortunately the software doesn't list the next pivots until bar opens, so check back tomorrow for the new FebPs on the ETFs. ES and YM have opened and are close to testing levels, so I've included these charts below.

Amazingly XIV rallied back to close above YR1 again. Can't be too bearish on stocks with VIX low and XIV strong. 

DXY testing last chance support at the YP! And correspondingly GLD knocking on 1HP again, and if above that it will be above all pivots.

SPY, ES, YM, XIV DXY and GLD below.