5/11/2018

Indexes up with bulls in charge, but most of the levels mentioned yesterday still in play. 

SPY MR1 (MayR1) - closed above
QQQ YR1 - pause no rejection
DIA MR1 / QP below
IWM YR HR QR combo cluster
NYA MR1 / QP just below

VXX collapsed under MS1 and 2nd day below all pivots since 2/1. VIX on YP not quite the same move; it has closed above its YP since 1/29. This along with QQQ YR1 will be the big tells for the next move. As usual more on the blog over the weekend.

SPY, QQQ and VIX below. 

12 1 SPY D.png
12 2 QQQ D.png
12 3 VIX.png