Several indexes closed at resistance on Friday, and QQQ faded back under its FebP. This means no USA main indexes are above all pivots.
The pivotal leaders that are above all pivots: EWZ, RSX, XBI, GLD and of course, VIX.
Think about that - of main asset classes 2 of 5 of the leaders are risk off indicators.
As usual more on the blog this weekend.
SPY and QQQ below.
