Russell Reversion

July 21, 2015 · Posted in Uncategorized 

Small doji stars or candles with narrow opening and closing ranges formed on the DJIA, S&P 500 and NASDAQ composite charts and we know these reflect indecision and sometimes form near reversal points. The more troubling technical development, however, is the reversion on the Russell 2000 chart. It is not critical that small caps lead a rally, the larger technology stocks have taken up that role, but you don’t want to see them divert the way they have over the last several days.

77721.Index charts

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One Response to “Russell Reversion”

  1. Damaged Index Charts - Rightview Trading on July 26th, 2015 12:14 pm

    […] DJIA pulling back 2.8%, the NASDAQ Composite off by 2.3%, and the greatest damage being done in the diverging Russell 2000 which dropped 3.2%. Bearish engulfing candles formed on the weekly S&P, DOW and […]

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