8/15/2017

SPY and QQQ stopped at Q3R1s today, but it is difficult to say whether it was pause or rejection.

Safe havens seem to point to bullish resolution for stocks - VIX below 2HP / Q3P, TLT YP rejection, and GLD dropping further from Q3R1.

Global indexes less than zippy, likely due to DXY strength. Watch AugP at 94.08. If DXY above that, then global indexes likely laggy compared to others. Also, DXY strength would pressure GDX in risk-on scenario, and/or oil in risk-off.

SPY, QQQ, TLT, VIX, and DXY below.

15 1 SPY D.png
15 3 TLT D.png