SPY, QQQ Keep Making New Highs… Ignoring This Major Warning Sign

The market keeps pushing into new highs, but VIX is sending a warning sign underneath the surface.

In today’s price action breakdown, we go over why SPY and QQQ still look strong overall, but also why this move is starting to become risky for late buyers chasing momentum at all-time highs.

The main thing we’re watching is how far price has stretched away from the daily 20 EMA. When price gets too extended from its short-term trend, the move can start feeling “too easy” — and that’s usually where traders need to slow down, protect risk, and wait for confirmation.

In this video, we cover:

SPY pushing deeper into all-time highs
QQQ showing a near-vertical move
VIX staying elevated instead of fully breaking down
Why late buyers can get trapped chasing momentum
What seller confirmation would look like
Why the 20 EMA matters as a reset area
What we’re watching heading into the next session

The market is still strong, but this is not the area where we want to get careless. We’re watching for failed breakouts, rejection wicks, momentum fading, or a pullback toward the 20 EMA before trusting the next cleaner setup.

Reaction over prediction.
Structure over emotion.

Drop a comment below — are you still bullish up here, or are you starting to get cautious?

Disclaimer: This video is for educational purposes only and is not financial advice. Always do your own research and manage your risk.

#SPY #QQQ #VIX #StockMarket #PriceAction #Trading #TechnicalAnalysis

Видео SPY, QQQ Keep Making New Highs… Ignoring This Major Warning Sign канала Couples Trading Lab