Market continues to be very resilient. I must admit - as of yesterday with SPY SepP testing, VIX 2HP / Q3P again testing, TLT & GLD soaring - i thought stocks would break down. Instead SPY held its SepP again for the 2nd day, and QQQ, IWM and VTI all held levels as well. VIX remained convincingly below all pivots.

I am biased towards another drop for risk assets here, but so far it isn't happening. SPY Q3R1 is the level to watch for Thursday. Rollover day 9/7, so also check the new contracts.

SPY, ESZ and VIX below