“Currently, the Put/Call Ratio for the $NDX top 5 weighted names (40% of the index) is telling us that the market is extremely greedy – everybody is on the same side of the trade.”

Great chart from @JC_OHara_, Chief Market Technician at MKM Partners, interviewed at Bloomberg:

"Currently, the Put/Call Ratio for the $NDX top 5 weighted names (40% of the index) is telling us that the market is extremely greedy – everybody is on the same side of the trade." pic.twitter.com/Dh8K0jeBqU

— Macro Charts (@MacroCharts) June 30, 2020

$LQD Investment Grade ETF with new DeMark Sequential sell Countdown 13 with Combo near. More on https://t.co/VlbTlbjAOw today. Note the 3rd largest holder now… hmmmm pic.twitter.com/tQYC5cWKY4

— Thomas Thornton (@TommyThornton) June 30, 2020

Big picture $DJIA:

Below Jan 2018 highs, hasn't gone anywhere in 2.5 years.

Blow-off top courtesy Fed repo in Q4/19 into Q1 2020.

Now island reversal and below key resistance.

That's with rates at zero and a $7 trillion+ Fed balance sheet.

Congrats. pic.twitter.com/gk1BysNy7P

— Sven Henrich (@NorthmanTrader) June 30, 2020