Let’s recap the morning so far, shall we?
Powell has gone FULL PIVOT, and the /RTY is gobbling it up with glee.
![](https://slopeofhope.com/wp-content/uploads/2024/08/rtyrty-640x491.png)
The /ES, on the other hand, is up only one fifth of a percent as I type these words.
![](https://slopeofhope.com/wp-content/uploads/2024/08/esfeel-640x449.png)
The /NQ cares even less, and this chart is already badly outdated.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.
![](https://slopeofhope.com/wp-content/uploads/2024/08/nqfeel-640x366.png)
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.
![](https://slopeofhope.com/wp-content/uploads/2024/08/rtylonger-640x294.png)