Small cap IWM breaks downtrend vs. SPY going back since 2021

Near-term trends are bullish for SPX, and I anticipate a sharp rally to finish the month of October after an interesting period of sector rotation in recent weeks.  Industrials, Consumer Discretionary, and Small-cap stocks have begun to show notable strength this week, while Financials appear close to turning higher as well. Meanwhile, “Magnificent 7” haven’t been so magnificent over the last month, ...

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