Just caught something interesting on the daily charts - TD9 count is flashing sell signals across $SPX, $NDX, and $DJI. Classic trend exhaustion setup right there.

Here's where it gets spicy though: $RTY and $IWM? Nothing. Zero signals. And check this - $RTY's been flexing some serious muscle against $SPX lately, backed by solid volume action.

So what's the play? Two scenarios on the table. Either we're looking at large caps hitting a ceiling and bleeding out, or - and this feels more likely given the small cap strength - they just drift sideways while Russell keeps climbing.

The divergence between mega caps and small caps is wild right now. When you see volume confirmation on the Russell side while the big boys are printing exhaustion signals, that's not random noise. Market's telling us something about where the real momentum is hiding.