A top in the Momentum (MTUM) trade?

7일 전

the Momentum ETF (MTUM) is showing signs of a potential top (at east an interim top for a 10% sized correction if not larger).

Momentum is waning, RSI is diverging, wave patterns can count as complete and the market in general is looking stretched at least short term.

Watch the main component stocks like JPM WMT NVDA ORCL for clues.