The small caps in the Russell are still an issue for the market, returning to our zoomed-out look of the ETF, below.
Note the rising channel since early-August is still busted, as price threatens to flip back over this afternoon.
The broad market is under some pressure here, as well, though nothing too bloody yet. Overall, it is more of a sloppy tape than anything else.
Still, I have the small caps on watch for potential shorts if the selling builds, based on this recurring analysis we have done on the Russell for a while now.
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Thanks a lot for that damn pic! I will have nightmares for the rest of the week! =^.^=
Haha
That is really one scary pic. expected something hot
It’s hot in its own way.