Russell 2000 Turns Net Bearish Technically

The Russell 2000 was the only one index to mark a technical change with a net bearish switch in technicals (MACD, Slow Stochastics, On-Balance-Volume).

It was another day of modest change with little real turn in bullish/bearish outlook.  The Russell 2000 was the only one index to mark a technical change with a net bearish switch in technicals (MACD, Slow Stochastics, On-Balance-Volume).

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There wasn't much to add for other indices. The S&P finished with a narrow doji on its 20-day MA. Technicals were little changed. 

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The Nasdaq also did little. It still has a MACD trigger 'sell' to work off, but other technicals remain positive, including excellent relative strength against the S&P. 

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For tomorrow, the same outlook going into today is still relevant. Bulls should watch for breakouts in the S&P and Nasdaq. Shorts need watch the Russell 2000.
 

Disclosure:

None.

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