Wow, +100 points in 4 days in the S&P! Most indices are up about 6% since recent lows, only big caps are lagging. But today maybe a first sign is given that the rally is going too fast, too strong. Because small caps are lagging again. They were performing weak the last few months, but held strong during the forming of the recent lows. After a couple of good days, today they are behind again on the S&P500 and Nasdaq. Is this a sign to be cautious?
Anyhow, the rally was fast and furious, maybe it's time for some consolidation! We ran up as fast as we went down in the last 4 days of the pullback/correction... Another V-shape move to new highs? Or is there a lower high in the making?
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