Market Eyes S&P 500 and NASDAQ 100 Key Levels
Fundstrat Tom Lee
In bull markets when $iShares Russell 2000 ETF(IWM)$ outperforms $S&P 500(.SPX)$ by 8% or greater over 10-day period (rare), EVERY. SINGLE. TIME. $
RUT is higher 1 and 3 months forward to the tune of 5%+ and 8%+ respectively. It's a bull market btw... $SPDR S&P 500 ETF Trust(SPY)$ , $iShares Russell 2000 ETF(IWM)$ , $Invesco QQQ(QQQ)$ ,
Image
$SPDR S&P 500 ETF Trust(SPY)$ The bull's first line of defense holds strong. @TrendSpider
Image
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
[Cool] [Cool] [Cool]