It seldom gets this simple when looking for intermediate to long term signals in the stock market. The Russell 2000 closed on Friday at 800, the mid-point of an increasingly mature Balance Area as the US stock indices are testing 2012 highs. Any break to new highs by the S&P, Dow or Nasdaq 100 is suspect if the Russell 2000 cannot quickly follow and close above 827. A close in the Russell 2000 below 767 is an initial intermediate term sell signal for the US stock indices.
THE Key Signal for the Intermediate Term in the US Stock Indices
by Tom Alexander | Aug 12, 2012 | Market Profile, Public Post | 0 comments