Top Warning For Stocks

This is just a written heads up that Friday was a bearish engulfing pattern on SPY with weekly, daily, and hourly bearish divergence at the high.  So there is a major multiple time frame divergence here, a wide range reversal bar, which is typical of past major highs, and there really really sharp bearish divergence in VIX and total put/call compared with price.

Additionally, the Russell 2000 and Nasdaq 100 did not confirm new highs this week and so now the leaders have become the laggards.  All of these things would indicate to me that despite the sell offs in many stocks, the real meat of this sell off only may just have begun.

I remain bearish until further notice unless there are closes above Fridays's highs in the stock indexes.