Divergence in Small Caps Warns of Selloff in SPX
Updated
Seen this before. SPX climbs relentlessly, driven by the Magnificent Seven. Russell small caps, America's real stock market, do not participate above a resistance price, ~2K index price. Twice rejected there, first rally went to ~2400, this time it's a lot less.
IMO this monster rally back to SPX ATH is just another bear market zig-zag, and the worst may be yet to come.
Watch the small caps closely. They always tank first. Get ready for Zag.
You gotta be crazy to invest in stonks up here... GLTA.
IMO this monster rally back to SPX ATH is just another bear market zig-zag, and the worst may be yet to come.
Watch the small caps closely. They always tank first. Get ready for Zag.
You gotta be crazy to invest in stonks up here... GLTA.
Note
Such persistence in struggling to hold this top. SPX can still move higher, if it does break up will be a short entry.Note
Weakness today may spark a FOMO rally for a day but Friday is OPEX and also LEAPs expire on may issues.Could get turbulent. Longs make no sense here, only question is will it tank, or just grind longer. No position.
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How bout that FOMO?! Called it. Banked shorts and longs on a wild ride. Massive bullup EOD looks like a blowoff, do not chase this pump!
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Loading SQQQ SPXS TZA. Scale in swing shorts. Price is at or very near a century high. Risk for longs is extreme.When the break comes it will be astonishing. Be ready.
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Finally it's coming!Order cancelled
All out in early trade. BTFD and META +$50 means > NEW ATH, AGAIN. FOMC?! What FOMC? Sheesh! Fagaddaboudit!
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Divergence increased on Friday, SPX > new ATH, RTY declined. Picking tops is worse than bottom fishing.It's real close now.
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