Bit more trouble in markets today, as DIA closed under its MP. As it turned out TLT closed above its MP for the first time in weeks. Risk appetite is changing. VIX also lifted above its YR1 for the 2nd day.

Not sure of next move. DIA is a pivot break and not really a rejection, so that has the chance to come back. Still, if you are bullish you don't want to see USA main indexes closing below pivots.

End of Q1 is fast approaching. Time to take another look at these charts for path of least resistance on next move. There are several that look quite toppy, namely, SPY, DIA, EFA, EWJ, ACWI, FXI. Others that I have excluded are a judgment call.

If more indexes join Dow below its MP then alarm bells will be ringing. In addition, DIA trying to hold + YTD % return.

SPY, DIA and DIA Q chart below.