Wow! SPY nearly fulfills yearly pivotal promise in just over 2 months. Tag of Q1R2 today with YR1 just above.

QQQ powered above its 1HR2; DIA YR1 is a bit further away; IWM merely on MarR1; VTI looks like SPY. So, 2 of 5 USA mains very near YR1s and as I said near 2/10 it is just not every day that multiple USA main indexes are on long term levels.

VIX did not confirm the move, remaining above its MarP which held as support. TLT crumbled back under all pivots but GLD stayed firm.

Based on VIX and other technicals, I think SPY YR1 or max DIA YR1 will be a decent top. That doesn't mean the market goes straight down. Usually the first reaction off a high is not the big drop.

The QQQ hedge I mentioned yesterday was taken out with QQQ blasting above the level on open. Back to 90%, but cannot buy more with markets on major resistance and VIX above a monthly pivot for only the second day since 11/9. At least portfolio doing well on the XLF overweight.

SPY, DIA, QQQ and VIX below.