5/18/2017

Not much change to pivot status. MayPs acting as resistance for SPX set, DIA, and VTI is somewhat bearish.

Yesterday elected to hedge out USA positions but not global and unfortunately they got whacked, partially due to EWZ but who knows, profit taking could also be a factor. RSX could have been a short with similar entry criteria as IWM and XLF, but I didn't recommend it so that's that. 

On the positive side, VIX stayed under 1HP so this gives a chance for bullish resolution for stocks. Given MayP resistance on USA mains, however, no need to change positioning quite yet.

SPY, SPX and VIX below.