DIA recovered its MP today, so that makes all 5 USA main indexes above all long & medium term pivots.

VIX had a slight break under YR1 which had acted as support the last 3 trading days; not enough to be definitive, but still, lower VIX tends to be more bullish for stocks.

And yet one cannot help but notice 5 days down in a row for SPY, something that hasn't happened in quite some time. You could say that 5 down days in a row with minimal percentage damage is bullish. You could also say institutions are selling. As usual I'll try to figure it out in the next Total market view.

SPY below.