The Russell May Be Suggesting Volatility Is Ahead

Stocks sold off today, as the internals suggested from last week. However, the most damage was done in the Russell. Tomorrow’s trading will be critical. The Indices reached a point of being short-term oversold, but that does not preclude them from moving lower. If the Russell’s range from today is retraced, it would be a very positive event. On the other hand, breaking today’s low could suggest much more downside is to come.

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