Something is different the last two trading days.
The market has been hitting record highs on a daily basis, but the last two trading days we've seen the VIX and VXX close higher. Also small caps are pulling back. When this massive rally began the day after the election, small caps were already leading the charge.
$IWM recently hit almost $140. $SPY over $235. $QQQ has been in a steady up trend
The keys for more continuation to the upside will be small caps regaining their footing, and volatility getting smacked in the face. Both have yet to occur this morning. We could be setting up for more negative action while the market digests its recent streak of record high closes.
$VXX up two days in a row.
