2/22/2018

For 5 trading days SPY has been stuck at the QR1. Similarly, QQQ has tried to clear its FebP for the last 4 days and failed. It seems the door is open for more serious selling, but there hasn't been much damage.

VIX, while above all pivots, had some rejection from YR2 which does help the bull case for stocks

I've mentioned this already, but thin leadership and very different markets than 2017. Only items I track above all pivots are VIX, EWZ, RSX and KWEB. QQQ and XBI keep trying but failing.

SPY, QQQ and VIX below.