dadtoaaaaaa, It sure looks that way & I still think it’s coming but then again, it has appeared that the market was on the verge of a correction for a while now so until QQQ 116.00 & SPY 215.30 both give way (or the market can move substantially higher & take out all the divergences), there isn’t much new to report. With that being said, I will be glad to do an update in advance of trading next week with some refined support & resistance levels, price targets, things to watch for etc…

As you might have noticed, I’ve posted quite a few short trade setups lately. I’m starting to find more & more compelling setups & with the extremely tight trading range, I think there is a good chance that if & when the market finally makes a clear breakdown below the recent range, the potential for a very swift sell-off is quite elevated at this time. By getting those setups out in advance, it gives those that are comfortable with shorting enough advanced notice to review the charts in detail, decide if they like the setup & then set price alerts (or sell-stop orders to automatically trigger a sell-short order if the stop threshold is crossed).