Odds for a melt up just increased.

SPY above Q3R1, and above JulR1 as well
QQQ also above Q3R1 fractionally, but could have broken
DIA above JulR1
IWM powering up above JulR1 to near tag of Q3R1
VTI above Q3R1 as well

Safe havens crushed!
TLT whacked, massive rejection of JulP and Q3P, along with D20 and D50. 2HP key from here.
GLD back under Q3P fractionally
XIV above YR3, barely - but watching this very carefully per this post!

Holding on to GLD longs (but tightening stop) and SPY hedges one more day (partly due to ES futures levels).

Also, watching for XIV under YR3 for a possible counter-trend trade.

Thus far market seems to be dealing with sentiment extremes by rotation - IWM, XLF, XLE, USO, all the 2017 laggards, among the leaders today.

SPY, TLT and XIV below.