The US stock indices sold off Tuesday afternoon, closing on their lows. The futures derivatives of the indices are selling off further in the night session as this is being written. The chart above of the Russell 2000 displays the view of the August auction. It is clear that in spite of the rather dramatic Tuesday afternoon selling that the indices, and in particular the Russell, have not yet broken levels that would signal a high probability change in trend from bull to bear.
Auction Market / Market Profile Update: Russell 2000, August 21, 2012
by Tom Alexander | Aug 21, 2012 | Market Profile, Public Post, Trader Education | 0 comments