season incoming: they bought the rumor, will sell the news. Runup in banks based on expectations. Tech already tanking; on Nas.
Divergence in NDX +0.04% Dow + 0.58% SPX +.35% = "Flight to quality" Sold calls to close and bought some DIA 250 September puts today at 24940.
Short entry probably safe close to or above 24980 if we see that on 7-11. Support for C at 23800.
Expect a lower high in August before possible big break in September. Look at the '1987' chart posted last week- fits like a glove.