This is a follow-up from my 
SPY and 
QQQ note:-
-> Classic top out with MACD peaking at +2.5x standard deviation and accumulated volume topping out at +3.5x standard deviation.
-> Very likely witnessing a lower high forming at 0.618x fibonacci retracement.
https://www.tradingview.com/chart/SPY/bkaBVWzM-SPY-Red-flags-aplenty/
https://www.tradingview.com/chart/QQQ/UYIaxSEo-QQQ-Island-reversal-gap-formation/
SPY and QQQ note:--> Classic top out with MACD peaking at +2.5x standard deviation and accumulated volume topping out at +3.5x standard deviation.
-> Very likely witnessing a lower high forming at 0.618x fibonacci retracement.
https://www.tradingview.com/chart/SPY/bkaBVWzM-SPY-Red-flags-aplenty/
https://www.tradingview.com/chart/QQQ/UYIaxSEo-QQQ-Island-reversal-gap-formation/
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.