If the Russell 2000 closes above its March highs it “erases” the primary divergence that presently exists among the indices and could be a catalyst for immediate acceleration higher. A close below Wednesday’s 924.21 print low is a bearish signal and a close below 898.40 is a confirming bearish signal.
Key to the Intermediate Term Direction in the Stock Indices
by Tom Alexander | May 2, 2013 | Public Post | 0 comments