Dow cleared its YR1 today. This level, which I have been pointing to the last few weeks, is a big deal. Many historical turns have happened on the Dow yearly levels. Given the action in safe haven TLT today, this was a surprise. That said, the way stock index futures are moving after hours this Dow YR1 clear might be reversed tomorrow.
The last Total market view said it is a week to pay attention. A rejection of Dow YR1 is still a rejection, even if it happens after a fractional clear by 1 day. But holding is bullish. Let's see what happens.
SPY, DIA and TLT below.