S&P 500, Nasdaq100 and Russell 2000: Focus on changing favorites 📊🔄

September unfolds its full effect as a correction month. Here is my analysis and strategy:Market overview: 

- S&P500: Critical zone 5,300 - 5,200 points in view
- Nasdaq100: No longer relatively stronger than S&P500 for the first time since May 2023
- Russell2000: Shows strength against S&P500 again

My strategy:
- S&P500 hedge since last week, planned unwind in the next few weeks
- Focus on single stock setups instead of strong sector focus
- Technology sector currently “only” one of many

Interesting developments:
- Defensive sectors (consumer goods, pharma, utilities, real estate) rotate into the foreground
- Bullish divergence in market breadth argues against a significant break below 5,200 points in the S&P500Outlook:
- Expected positive market development in the hot phase of the U.S. election campaign
- Stronger sector focus in sight for the first half of 2025

How do you see the current market situation? Share your thoughts in the comments! 💬

#TechnicalAnalysis #WealthManagement #MarketRotation #SP500 #Nasdaq100 #Coaching