NDX and SPX divergences are starting to appear under the surface. I will be taking some risks off the table. Resistance and price volatility are expected if the SPX is able to get over 4600 and seeking to reach 5000.
Q4 2021 seems to have the correct ingredients for that especially if the FED allows it. Debt and inflations talks are likely to be the focus for Macro Investors.
NDX is not leading the SPX higher a note to remember. Market rotation can create risks and opportunities.
