7/27/2019 QQQ and SPY reach new highs while DIA struggles. Weekly RSI divergences point to lower prices ahead.

Hi everyone. Lots of earnings from the big tech companies are over. I still think we are near or at a local top because of the weekly RSI divergences. However, it does look like the uptrend is intact, so I do expect to see new highs after we pull back. 

QQQ weekly 7_28_2019

Notice how the weekly RSI is at about 65 at this new high when the previous weekly RSI high was at 70. 


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