Here’s the daily SPY chart for the past six months:
- Euphoric peak with low volume
- Sudden gap down off extreme highs
- Large intraday moves with increasing volume
- MACD crossover
Also, you could argue the past 3 months are another ‘3 peaks and a domed house’ formation (a smaller version of the one that preceded the March crash)
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.