SPY - "2b top" potential with a close lower, though I'm not certain if it would be under $186 or < $181.50 that would confirm it.
DIA - didn't trigger as the 65m fast line just kept sliding lower
QQQ - continues to build symmetrical cycles
IWM - held that $107.50 area yet again
IYT - trend still stable
XLF - late trigger, probably a loss in the making
ES 4H back into support. Higher t/f showing FL < SL so no buying setup likely for a while
A curiosity worth noting:
Below is the S&P500 (cash) with an indication of the NYSE 52-week new highs vs. new lows differential. Recently a negative close in this indicator marked a bottom, while other occurrences preceded a larger and longer corrective phase.
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