T/A ETF AND INDEX

[POG]

Nice observation.

There are lot of indicators flashing sell signal as we make new highs. It is not worth my risk to be long for scalp when massive negative divergence is building up. I think we have seen highs for the year around 1470. Many are expecting more rally, but not me.
For last 7 days spy has gone up only 0.40 so basically distribution at top. Only time will tell.

best.