SPY & QQQ are once again within striking distance of a new high with a clear pattern of correcting after making marginal new & divergent highs although I really have to wonder when this pattern will become apparent to the masses with the sellers stepping in early?
SPY 60m Sept 19th
QQQ is backtesting the upper-trendline & still poised to extend the existing divergences, should it make a marginal new high soon both the 60-minute (below) and daily charts.
QQQ 60m Sept 19th
The upside still appears limited on /NQ & while the pop to a marginal new high & backtest of the uptrend line appears likely, it is also possible that these smaller (solid white lines) divergence play out for a reversal before then.
NQ 60m Sept 19th
2.586 target hit on /NG nat gas futures with a break below that level likely to start the next wave of selling down to the 2.469 target, which corresponds to T1 on the DGAZ trade.
NG 60m Sept 19th