Today my bearish bias in the latest Total market view was called into question with DIA and NYA launching convincingly above Q2Ps instead of breaking down as anticipated. SPY also moved back above its MR1, and IWM continued to soar above its YR1 HR1 QR1 combo.
Other yearly levels I have been mentioning are still in play - QQQ YR1 and VIX YP. But given the other index improvements have to say there is more chance of a bullish resolution.
SPY, DIA and VIX below.
