@TrendTrader007 June and July got over extended around the 11th-13th and had sell offs (June bigger). august never had the big sell off and SPX and NASDAQ both got very overextended at the same time this month. Also, look at the VIX spikes, this week hit June VIX levels
check out QQQ. orange and white lines are drawn off hourly (orange) and daily (white) broadening formations from June (first picture). The broadening formation from the June 13th candle (outside day) has controlled ever since (second picture) 
look where it bounces off of to find supprt: the top of the July 30th broadening formation. #TheStrat has revealed to me that support and resistance lines are actually the diagonal lines of tops and bottoms of broadening formations, NOT HORIZONTAL LINES!
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