Intraday Update – Positive Developents

2:59 p.m. ET Small Cap IWM is breaking out above the neckline I established yesterday ($206). IWM (5m) Early on in a new pivot, Small Caps often lead due to short covering activity. They’re leading the SPX. (10m) An HY Credit, which I mentioned earlier today as looking pretty strong, despite what were higher rates…

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