The Russell 2000 Index daily timeframe shows that that first leg down below the 200-day moving average over the past two weeks may be setting up for another one lower, yet.
Note the highlighted bear flag potential, as dip-buyers have had every chance here only to make little-to-no progress. This continues to be a problem area in the market which is not improving.
Elsewhere, a name like LNKD looks to be setting up as a short again, while marquee leaders are squishy at best.
Indeed, recent IPO’s such as GPRO can only serve as a hiding place for so long…
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