The stock indices have not confirmed even an initial signal a top of significance may be in place. The Nasdaq 100 (ENQ) and the Russell 2000 (TF) are the closest of the four primary trading indices to giving that initial signal. The ENQ needs to close below 2793 and the TF needs to close below 836 for an initial signal that an important top may be in place.
Market Profile / Auction Market Analysis: US Stock Indices – ES, YM, TF and ENQ
by Tom Alexander | Oct 7, 2012 | Public Post | 0 comments