Rally Day 110: QQQ on Third Longest Rally in 15-years, SPY Trading Deeply Overbought & Indices Likely Sell-the-News on Rate Cut next Week

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Edwin

I’m seeing a RSI of 76.75 on the hourly for QQQ so definitely deeply overbought. This grind upwards has been brutal but hoping next week provides some relief and we see QQQ/SPY drop like a rock.

First Name

SPX weak to end the day.

What’s your take? $600 likely?

malveen chew

Sam,

What about nvda put sept 2026?

Not considering doing this in advance?

First Name

QQQ ATH premarket

First Name

QQQ ATH 73 hourly RSI

Todd

Shorting the market is fun!

Edwin

Certainly we are near peak euphoria at this point, right? 8 straight green days in a row, and this will make 9. The way I see it, the higher we are before the FED, the bigger the sell off will be.

First Name

Hedge ON

Josh Felske

QQQ 69 RSI for the weekly chart
SPY 69.75 RSI on the weekly chart

First Name

Market is overbought HEDGE ON

Dalho Bong

Hell yeah, calls calls calls

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