Market is experiencing drip drip selling for last 2 weeks. The selling was preceded by extremely positive breadth. Breadth extremes like that tend to be unsustainable and often result in a phase where the breadth comes down to more sustainable level.
In the last 6 month TYH was best performing ETF and yesterday it was down 3.4%. The inverse of TYH is TYP. The tech sector is now likely to pullback.
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