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/
-> 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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