The Dow, (here echoed in the DIA ETF
on the DOW 100 shown green), quickly followed the S&P
, (here echoed in the SPV ETF
on the S&P 500
, shown blue), and then the NASDAQ (here echoed in the QQQ ETF
on the NASDAQ, shown blue), joined in the dip. It is too soon to say if this is the beginning of a downtrend, but why not, since the indexes are overvalued?