The Nasdaq has been in a death cross for the longest time since 2008. Which means the 50-day moving average is below the 200-day moving average. Since the bulls have STILL not capitulated, it is extremely likely that this death cross will last much longer than the previous one.
Since the start of the bank run, NYSE stocks have become extremely oversold, especially financials. Banks are crowded shorts. Conversely, Tech stocks have been very crowded for a long time. This leads to a chaotic divergence. Is the question on the table resolved with the NYSE rally or the Nasdaq crash?