Yesterday tech heavy NDX closed at all time high while SPY closed up a healthy 1.21%.
Bullish tone persists in the markets.
ES futures are weak in the morning today, down -28 handles. Will that spill into day time trading remains to be seen.
RSI is above 70, an overbought condition, but can become more overbought if the bulls keep snorting.
Put/Call ratios are hitting levels that has previously birthed bearish tone to the markets.
Still watching for divergence in the indicator to trigger market weakness.
Bullish tone persists in the markets.
ES futures are weak in the morning today, down -28 handles. Will that spill into day time trading remains to be seen.
RSI is above 70, an overbought condition, but can become more overbought if the bulls keep snorting.
Put/Call ratios are hitting levels that has previously birthed bearish tone to the markets.
Still watching for divergence in the indicator to trigger market weakness.
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