In times of strong uptrends, the Nasdaq and the Russell 2000 small-cap index are strongly correlated. Russell 2000, as an index that includes small companies, tends to move more sharply as less capital is required for its movement. On the other hand, when things are marginal, Russell 2000 is the first to incur capital outflows. Right now, the Russell 2000 index is clearly peaking. Indication of a possible market fatigue. On the other hand, the Nasdaq is still moving upwards, but a closer look reveals that the largest percentage of the companies that make up the index are far from their highs and only a few "heavy papers" of the index remain on a high trajectory. In addition, August and September are historically low yield months for the Nasdaq.