$SPY Bearish Divergence on the DailySPDR S&P 500 ETF TrustAMEX:SPYSPYder_QQQueen_TradingOctober revealed a clear bearish divergence, with weak momentum hiding behind price strength. Volume remained notably low throughout the month — a classic sign of waning conviction beneath the surface. We’re now sitting at a high-risk zone, and I’m calling the top here. Sentiment has shifted into overconfidence, with investors seemingly ignoring the growing cracks beneath the surface. Fundamentals simply don’t support these elevated levels — and market breadth continues to deteriorate. Fewer and fewer stocks are leading this move, and that’s rarely a sign of a healthy or sustainable rally. We’ve seen this setup before. It doesn’t end well. Sell it all. Also note - I am not your financial advisor. Do your own due diligence