[teaserteam]

You are right! Top Traders catch such moves and make.

The S&P500 and Nasdaq hit all-time highs while the Dow stayed flat,  anticipating an M-formation to be formed.  It only tells us that the US market was propped up by the Magnificant 7 caused by multi-billion USD thrown into the chip industries.  Leaving out Magnificant 7,  the US market was not doing that well.  Any effort of other markets to ride on the US's bull market will fail if they did not have the same market composite as S&P500 and Nasdaq.