BofA: The relative price charts show that both the NDX and RTY are leading the SPX off the late March low, but the long-term relative trends for the NDX and RTY are vastly different. The NDX is leading with weekly high relative to the SPX within the 18-year uptrend for the NDX vs the SPX from the 2002 relative price low. This positions the NDX to test and/or exceed the relative peak from 2000.