Stock indexes continue pause in YR1 area without much damage. SPY holding slightly above YR1, but QQQ clear resistance and DIA near exact tag.
VIX closed slightly above Q1P but not enough to be definitive. GLD fell but TLT rallied. Next move seems either way.
Recently I mentioned that oil was looking like a short and that didn't play out; but today with rejection from YR1 sure does look worth trying again.
SPY, QQQ, USO below.
