The NASDAQ and the Equal Weight S&P 500 Are Doing Exceptionally Well in the Same Window

There's that big key Fibonacci zone right above at this 4309 and it is certainly a point of high interest. But what I want to focus on is what was actually happening in all of the indices throughout the week. The Equal Weight S&P was up 460 basis points while the Russell was up an extraordinary 881 basis points. We've seen a rotation back into these small caps and back into a broader part of the market, we're seeing a little bit of rotation out of the NASDAQ.