10/9/2017

So far markets moving in expected direction after all 5 USA main indexes tagged major resistance levels. But if you look carefully at both SPX and ES futures, so far it just doesn't look too bad as OctR1s held as support. 

Indexes are holding up quite well compared to VIX, which has lifted 15% off lows in 2 days. In addition, TLT continued up from 2HP hold and GLD jumped above its Q4P.

Based on the VIX move I'd prefer more downside for indexes before the high retest but so far after hours seem OK.

SPY, SPX cash, ES (Z), VIX, TLT and GLD below. 

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