Bulls in charge, but SPX/SPY bar seems to be inviting sellers.

Upside may be limited with weekly Bollinger bands in play on all 5 USA main indexes, but i think if market were about to put in a decent top and major drop then: TLT should have held its YP today, VTI would have stayed under its 2HR1 and XIV would not be advancing so powerfully.

Buying into financials working out for recent additions to risk as noted in the last Total market view, especially with TLT below its YP today. USO poked above its 2HP last week for the basically the 3rd time this half, and today it held as support. Typically I don't like buying anything below its yearly pivot, but in this case with tech weakening and oil perking up there is an interesting mean reversion play. Timing also supports this move per my Twitter posts of 9/1 from @thepivotalview.

SPY, SPX, XLF, TLT, XIV and USO below. SPY & SPX 2HR1s with red arrows.