Currently ADX indicator is at 38, once it climbs higher than 40, the current trend will end. If the ADX trends lower, its time for the market to go lower.
qqq about to come down any minute
Your right, ADX is now at 54. When QQQ, IWM, industrials and transports starts trending down, its just a matter of time before SPY goes down and we have a pullback.
all the technicals are over bought. this market isnt rolling over
There plenty of signs, the market is ready for a pull back, all we need is a confirmation. After 2/22 earnings season, watch TZA climb back to 19 and higher.