The Bond Market in 3D - H&S Confirmed; Fueling Tech Rally
A divergence between the Russell 2000 and Nasdaq has appeared, setting-up the rubber-band trade, whereby the indices tend to trend back towards their means. The question is when, as OPEX day is here and volatility may be on tap. NAS is supported by the 2h 8 EMA while SPX is attempting to recover it's overnight loss of the 50 SMA.