Prior week: "All 5 main USA indexes above long term pivots. Of these, SPX is already testing major resistance; INDU not far away."
Last week: SPX halfway clearing resistance, INDU major resistance still ahead. Other 3 - Tech set, RUT, NYA all above support and not yet at major resistance.
So the big levels in play are the SPX set YR1s - still resistance for SPY and ES1, but price has cleared on SPX and ESU versions. Aside from COMP, all of the INDU set YR1s lie just above. This will be a major test for the market, and could be as important as the YS1. Why not?
SPX / SPY / ES1 / ESU
2 of these already above, 2 testing with no sign of rejection. As long as SPX stays above YR1 2163, then 2HR1 2209 is doable.
NDX / COMPQ / QQQ / NQ1 / NQU
Across the board, these look on the way to 2HR1s.
INDU / COMP / DIA / YM1 / YMU
INDU set YR1 could be as important for markets as the YS1. Just saying!
RUT / IWM / RJ1 / RJU
Weekly close above YP on RUT confirmed the full on bull market, with all USA main indexes above all long term pivot levels. More bullish for markets if IWM holds Q3R1 as support from here.
NYA / VTI
NYA looks very healthy here, with July launch from YP / Q3P / JulP combo, fast move up to Q3R1 / JulR1, and a clear on Friday gets us thinking about YR1 / 2HR1 / Q3R2 combo near 11100.