I believe the Sept 5 Friday gap up and reversal at opening marked the top of the rally since Apr lows.
1. RSI div on Daily
2. Extreme chop and fading momentum since August which is typical for wave 4
3. Broken Apr trend channel and retested
4. Divergence between SPX and NDQ (which didn't make an ATH)
5. Risk-on assets like
SMH (e.g. 
NVDA), 
XLK (e.g. 
MSFT), and 
BTCUSD are all breaking down
Even though there is more upside, it would be limited and we are in the late stage rally since April. Sept seasonality is real.
1. RSI div on Daily
2. Extreme chop and fading momentum since August which is typical for wave 4
3. Broken Apr trend channel and retested
4. Divergence between SPX and NDQ (which didn't make an ATH)
5. Risk-on assets like
SMH (e.g. NVDA), XLK (e.g. MSFT), and BTCUSD are all breaking downEven though there is more upside, it would be limited and we are in the late stage rally since April. Sept seasonality is real.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.