SPX Leads Santa Rally, NDX & DJI Lag
$S&P 500(.SPX)$ has made a new high, keeping the Santa Rally thesis alive with upside potential toward 6,950–7,000.
$NASDAQ 100(NDX)$ and $Dow Jones(.DJI)$ have yet to confirm, however, leaving a bearish divergence on watch.
Failure to see confirmation during this bullish seasonal window would be a bearish signal, suggesting peaks may already be in for NDX and DJI.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2603(ESmain)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2603(NQmain)$ $E-mini Dow Jones - main 2603(YMmain)$ $iShares Russell 2000 ETF(IWM)$
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