The SPY turned down right on cue, reversing off it’s previously posted resistance level to the cent which brought the QQQ down with it, just shy of it’s similar previous reaction high from Monday.  The expected negative divergences were also made official as the MACD on both index tracking etf’s have now put in lower highs with confirmed bearish crossovers.  To affirm the primary scenario, another high-volume dump into the close like yesterday or a gap down tomorrow would help.  SPY & QQQ previous & updated 5 minute charts: