I think there's a slim chance at a minor new high next week then from Mid August into September we continue selling

DJI
Monthly and weekly RSI +70
Daily RSI negative divergence

Bearish ascending broadening wedge

I don't think a new high comes on DJI , I think we have a 5% draw down back to support and when that goes we sell back below 50k


QQQ

Pushed up to resistance here

Zoomed in you can see Vol fell off a cliff here at resistance

and lastly looks like we just retested diamond support.



QQQ monthly candles
Junes was a dragon fly doji reversal
July confirmed June's topping candles

Usually by the End of the 2nd week
(August 15) You will start to see the monthly trend play out. If we hold under 725 Then this market is finished. If QQQ pushes above 730, then we will make one more high to 737-740 but like I said, as we get closer and closer towards the end of the month you will start to see things follow what has been a bearish trend

VIX has been Cuckish lately, we tagged bottom of a downtrend and most likely we will spike back to 20 in the next week or so

SPY daily RSI.. Divergence was hit Thursday and spy pulled back


If we open up above 775 Monday then they will likely push this to 780 by Wed, from there I am bearish

If we open up below 767 then 760 comes and below 760 is death.

767-773 is chop and traps