Have to hand it to the buyers - another day that very easily could have been negative, but just wasn't.

SPX again held YR2 as support; VIX held 2HP as resistance and dropped back under Q4P as well. XIV held above all pivots.

Other safe havens TLT and GLD could have been stronger but weren't.

However, VIX did not close under its NovP and the normally reliable NYA closed under its NovP as well.

My conclusion from the latest Total market view was that it was a week to stay agile; limited upside, yet possible test of highs before a bigger drop. This is still the case. Also, I am still thinking that NDX still top out on YR3 and more emerging market currency volatility is likely.

SPX, SPY, NYA, VIX and XIV below.