Stock Indices Hold at Important Resistance. Russell Trades Below Support

The Russell began what could be an important selloff today. While the SPY was lower, the QQQ closed slightly higher. Volume is still weak. Therefore, unless important short-term support levels are broken, we may still be in a longer-term rotational pattern. On the other hand, if support is traded through and volume increases, expect a very good move lower.

Leave a Reply

Your email address will not be published. Required fields are marked *