Divergence between Dow/S&P and Tech/Small caps

Dow and S&P mostly traded sideways or slightly lower, where as tech and small caps made new highs, keeping the rally alive. This divergence has to end somewhere, sometime... Or small caps/tech drops faster than Dow and S&P, or the latter catch up.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Gold and silver keep doing ok, both made new highs. But copper couldn't turn the tide, it's still correcting lower.
Oil remains weak and keeps going down while indices are trading sideways or up. If markets would turn over and drop, you might want to consider shorting oil (stocks).
The euro is consolidating sideways. Wait for it to break out of this flag.


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