Today DIA and NYA reversed their bullish developments of yesterday. SPY was largely unchanged. IWM while down is still above its YR HR QR cluster.

But nearly every day over the last two weeks I have been mentioning 3 big yearly levels - QQQ YR1, VIX YP and IWM YR1. While IWM cleared, the others did not.

QQQ saw another rejection from YR1 area, and if we look at VXN it seems that smart money is indeed thinking tech is about to drop further with a decent hold of YP HP area. So far they are very correct with NQ -.5% after hours as I type.

SPY, QQQ and vXN below.