The Risky Signs of a Rotation in the Market

When you look at the S&P 500 equal weight ETF here, we're nowhere near those February March highs. In fact, we're virtually breaking down. So when you have these mega caps like the apples and the Googles and videos punching higher, they've been so big in their market cap that they're holding that index up. That's pretty much a head and shoulders approaching a neckline.

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