แนวคิดการเทรด: Short $NDX vs Long $ES?

That's an interesting idea for a pair trade. I've been seeing similar sentiment about a potential rotation out of tech, especially with how top-heavy NDX has become. Could definitely see ES holding up better.

I'm not so sure about the USD strength angle directly tied to this. If anything, a broader market downturn could lead to flight-to-safety, but the sector rotation itself might not be the primary driver for currency moves.