Disliked{quote} Hi BW. I trade /ES and /NQ, but it is always a good thing to watch other US indices as well. On last down move we had /NQ breaching to new ATH, but others didn't follow. Prior to that, Russel2000 was making new ATH, but others didn't follow. To me, that represent just rotation from one sector or group of stocks to another. This bull market is quite old, and IMO, this is exactly what happens in that last phase - that only a handful of stocks drag entire market up or sideways. It can last for months, years...Ignored
I generally kind of trade them in rotation myself, opting for trades in the index with the highest IVR/IV at the time a weekly becomes available that is 45 DTE or less ... .
Fireworks are fun ... as long as you don't blow your fingers off.