Mostly bearish action. Though SPY holding above AugS1, QQQ could have recovered AugP but didn't, DIA broke AugP slightly for the first time this month, IWM stayed under Q3S1 and VTI pressing down from YR1.

In addition, TLT above YP again for the second trading day in a row, and the second period this year. Falling long term rates was just not in the Wall Street script this year and TLT above its YP increases the chances of a more sizable drop in stocks.

For those hopeful (I tend not to hope with VIX above a long term pivot and both TLT and GLD above all pivots), it would not take too much for current USA leaders DIA and QQQ to regain AugPs.

Blog posting limited this weekend, but may have time to put up some charts on 8/20.

SPY, DIA and TLT below.