Elixiumcapital.com
Short

SPY + QQQ + SPX500 : Likely to sell off soon

FX:SPX500   S&P 500 index of US listed shares
91 1 3
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.
https://ycharts.com/indicators/cboe_spx_put_call_ratio
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