Great rally continues with SPY well above YR1, and QQQ, DIA and VTI all closing above YR1s today after a couple days of stall. Given that door was open for selling with massively overbought conditions, many indexes, sectors, commodities, etc, on major yearly levels, this is an amazing accomplishment.

Keep in mind that there has been a major turn on Dow yearly levels every year going back to 2005. So clearing YR1 today after the stall yesterday is quite a big deal. As usual more on the blog over the weekend.

SPY and DIA below.