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

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

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

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

NG 60m Sept 19th