IWM vs NDX Hitting Resistance
Updated
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.
Comment
As expected IWM is underperforming NDX after hitting 4 year resistance area. VALUE is in vogue!Comment
IWM continues to tank relative to NDX as expected.
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