Markets continue to toy with a couple long term key levels without giving a definitive sell signal on USA indexes, despite strength in TLT moving above its YP / 1HP. DIA YR1 and VTI YR1 are testing and back in play.
But QQQ continuing to lead and despite breaking JunP for the 3rd time this month came right back again.
From a positioning standpoint, today was very frustrating to see QQQ and KWEB race back up, but if QQQ JunP was decision to exit there was chance to get back in earlier today. But since I mostly keep to signals on close unless specifying in advance, I won't count this and keep the current positioning for now.
SPY daily, and weekly charts for DIA, VTI and TLT. My bias has been skeptical since May, and even more so since TLT has cleared its YP. I think markets are about to get whacked - but exit on winners so far wrong.