Based on what we can observe in this 4-hour chart, there is a clear rotation or reduction in gains within the DIA (Dow Jones Industrial Average) and IWM (Russell 2000) sectors. This suggests that capital may be shifting towards the QQQ (Nasdaq 100), where major tech companies have yet to report their earnings.
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.
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.