The Nasdaq showed the gap loss at its worst. That MACD trigger 'buy' won't be happening tomorrow! Also, the On-Balance-Volume 'buy' was negated too.
The Russell 2000 finished the day closest to its 200-day MA. Bulls may want to pay attention to this tomorrow (807.23).
The S&P hasn't yet dropped to its 200-day MA. It may yet see a test tomorrow, although the Russell 2000 probably offers the lower risk play.
In part, because the Dow Jones cracked below its 200-day MA.
My sectorbreadth studies suggest the sell off isn't done and markets aren't in a position to develop a strong swing low - yet. Short term, Russell 2000 and perhaps the S&P offer bulls something to work with.
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