So far melt up continuing but there are still quite a few long term resistance levels to watch.

Markets can go weeks or months without running into long term levels, and then the days where multiple USA mains test multiple long term resistance are fairly rare. Actually, 2/10 and 2/13 are the first such days this year.

SPY jumped above 1HR1 / Q1R1 combo, bullish.
VTI on 1HR1 (just above Q1R1, also FebR2 exact)
QQQ on YR1 (!)

So that makes 3 of the 5 USA mains. DIA is approaching its 1HR1 / Q1R1 combo, and IWM being left out of any big move this year so far, and merely at FebR1.

Add to that XIV on 1HR2. So, quite a lot in play - with several daily, weekly, monthly and quarterly charts reaching RSI overbought or very near overbought.

That said so far it has been better to hold fully long and while we can consider reduction at long term levels so far there is no sign of any weakness. Keeping portfolio same.

The media is all over Trump tax cuts and de-regulation but tell me how does this help Brazil and emerging markets? They are ripping higher and IWM is stuck. This is just a pure risk on move and media is concocting a reason that doesn't hold up with 10 seconds of analysis.

SPY, VTI, QQQ and XIV below.