Let’s recap the morning so far, shall we?
Powell has gone FULL PIVOT, and the /RTY is gobbling it up with glee.
The /ES, on the other hand, is up only one fifth of a percent as I type these words.
The /NQ cares even less, and this chart is already badly outdated. At this moment, the /NQ is up a mere 0.18% in the face of a COMPLETE rollover by Powell.
All I can say is…………..those gobbling up small caps right now are going to be wondering what they were thinking in a few weeks.
