Watching the Proxies

I'm in the sidelines for now watching the major indices through its proxies. Prices are very close to the nearby resistance and I'd like to see how price will behave near or within their supply levels. Note that DIA, SPY and QQQQ are all above their 200MA and also above their 20 and 34 EMA.

Among the three proxies the QQQQ is the strongest but all three are exhibiting overbought conditions. I have a watch list of stocks both long and short, just waiting to strike when high probability situation arises.

Let's make this a profitable week.