Potential Big Tech Reversal into Small Caps #PTOS (Patreon)

REVERSAL

There was a reversal in the tech/small cap market this week.  Things maybe running out of steam after a record breaking run. The Trend needs to turn to confirm.

PAIR TRADING ON STEROIDS

The PTOS model comparing the QQQ and the PSQ inverse indicate that also on the daily and on the 6 hour and 4 hr - the Optimized Trend Model is about to flip orange (downturn). 

The Russell 2000 index outperformed the S&P 500 index. Cyclical stocks outperformed defensive stocks. Mega-cap tech stocks were under pressure - NVDA, AAPL, etc 

TESLA

Tesla has been up 9 straight days in a row and 50% in 40 days

OPTION ACTION

There was a surge in demand for puts on QQQ.

It will be interesting to see how this plays out - but the PTOS model and option action are all aligned.