4/25/2018

Again things could have been worse today.

Indexes not on major levels for a real low: SPY, QQQ, DIA

Indexes on levels that make trading low a possibility: IWM (MP), NYA (HP), VIX (MP and VXX (HP)

While the latter counts, I think one of the big three will have to be on a significant pivot level for a real low. 

TLT continuing down below all pivots - after 4/18 MP break every day lower or sideways. GLD also failed to recapture QP as GDX also had resistance at QP and SLV fell back under all pivots except MP.

SPY and IWM below.

25 2 IWM D.png