12/19/2017

Today saw selling from highs but not as much pivot damage as one might think. 

SPY DecR1 high, but still above Q4R3
QQQ 2HR2 rejection, but held DecR1 as support
DIA no change
IWM no change, and held Q4R1 as support
NYA 2HR2 & DecR1 rejections, but above YR2; VTI DecR1 high, still above Q4R3

VIX no change
XIV 2HR3 resistance, but Q4R3 support

TLT weakened below the YP, all the way down to Q4P. 

I think any further losses will be in global names - EEM sharply lower, below DecP and moving averages; FXI already below DecP, RSX joining EWZ below Q4Ps. 

SPY and XIV below. 

19 2 SPY D.png