Elixium

SPY + QQQ + SPX500 : Likely to sell off soon

Short
FX:SPX500   S&P 500 Index
A correction occurring in the next few trading days is likely:

Confluence factors:
+ Put call ratio of 1.31 on Jun 18th, the last 3 times this has happened the market has sold off and has been overbought on the oscillators.
+ Indicators show overbought + bearish divs .
+ $UVXY has sold off heavily and is likely to rebound soon.
+ The NAS100 / QQQ did not hit it's previous highs and did not make new ones, only the full NASDAQ composite made new highs.

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