Mixed bag today. Some concerns, but it could have been worse.

Main index leader QQQ could not rally above FebP despite trying; not rejection yet but on guard. XBI one of the sector leaders also fell back under FebP after being above the last 2 trading days. And IWM back to negative territory on the year.

But SPY looks like it held FebS1 as support and bars look like weak selling which is often the prelude to buying.

Currently EWZ, KWEB, RSX and VIX the only items I track above all pivots. Metals hit by DXY rally.

VIX back to testing YR2; risk more of a concern if above that level near 21.

SPY and VIX below.