2.4.2026
The tech heavy NDX lead the way up it is now leading the way down.It is taking out the Jan 20 low already.Once it takes out the Nov 21 low, it is as the legal dept at First Brands put it, game over. The DOW has held up making a new high because it has way fewer tech stocks than NDX or SPX, DOW is price weighted. The DOW will hold up longer than the NDX or SPX, this also allows the 'experts' to claim the market is making new highs as tech stocks tank.
Professor Elam, your blog is excellent. I hope to develop the ability to read and understand trends the way you do
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