Prior week: "SPX above long term resistance is bullish; INDU held medium term support and going for long term resistance at YR1, tech held 2HR1 as support and going higher, RUT/IWM above Q3R1 and going for higher, NYA still stuck just on Q3R1."
Last week: SPX set above resistance and going higher, NDX going for 4816+, INDU ideal top near YR1, RTY also healthy and not at resistance. NYA fine, VTI YR1 level to watch.
In sum USA indexes look pretty great here and with the entire SPX set above YR1s and with 4/5 of the Tech set above Q3R2, and other indexes not yet at major resistance, the bulls have the ball. Ideal top would be INDU YR1 with others also tagging major resistance levels (Q3R, 2HR, YR).
SPX / SPY / ES1 / ESU
All these are above YR1s which have tested and held as support for SPX and ES1, and heading higher. Not yet at resistance. Bullish.
NDX / COMPQ / QQQ / NQ1 / NQU
Phenomenal rally continues with no selling despite daily chart overbought. I really think we need to see the headline on NDX which means above 4816. QQQ and NQU already above Q2R2, NQ1 trying as I type.
INDU / COMP / DIA / YM1 / YMU
I'd really like to see INDU make it up to the YR1 area for a picture perfect top off the rally from the YP.
RUT / IWM / RJ1 / RJU
Above all pivots, both futures lifting from Q3R1 as support, and should reach pivot resistance before a major top.
NYA / VTI
NYA stalling but not at resistance; NYA daily showing above Q3R1. VTI looks a bit mroe vulernerable, starting to creep up to YR1. No rejection yet however.