The Russell 2000 is sitting right on an important level here at 1200. Should we break underneath, the next target is likely the 200 day MA:
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The NASDAQ Composite index is also trading below the 50 day moving average here, with a lot of free air underneath:
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The S&P 500 index also looks to be falling out of the bearish channel:
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Let’s see if the speed picks up here and if the bears have what it take to crack the market here. Developing…