IWM vs NDX Hitting Resistance
IWM small caps (Risk On) have outperformed the market leader recently. It is now pulling back after hitting long-term resistance.
Besides the fact that IWM PE is 7456367892903847647383 money flows suggest that people are losing their appetite for risk!
Caution is in order.
Besides the fact that IWM PE is 7456367892903847647383 money flows suggest that people are losing their appetite for risk!
Caution is in order.
Note
As expected IWM is underperforming NDX after hitting 4 year resistance area. VALUE is in vogue!Note
IWM continues to tank relative to NDX as expected.
Real Macro Economic Investing
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Real Macro Economic Investing
patreon.com/Realmacro
patreon.com/Realmacro
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.