Everyone knows that USA stock indexes were very resilient today, with ES futures finishing ~16 points off overnight lows. Given double whammy of Syria and jobs, does that mean all is OK and Trump bull market can carry on for Q2?

No way! VIX and XIV have together sent the clearest warning signal this year, and SPY, DIA and VTI continue to have trouble at their AprPs while IWM is below its Q2P. Only QQQ holds.

It will be quite an interesting week ahead, and as usual lots to sort out on the blog this weekend.

SPY, VIX and XIV below.

SPY - 3 days in a row clear resistance at the AprP
VIX - clear support at Q2P and AprP combo
XIV - YR2 rejection and AprP break on same day - worst bar in months! In fact, only one other day below a monthly pivot since 11/4 was 3/1 and that was only by .02.