Small Caps Head South, Large Caps Drift Lower
![Image](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3-vmiNApaq6bck5UHC1GeCAg8e8MCPDW48Ij3D8PL-ua85-ApVYVBQw79bgvs9Pu2swtmd2JfIDCauFLUIfTyB-ptqqYY5gRIaqHfVAIbtVep3cmlW5Wegst-fzSkqTv3cvkiag/s1600/RUT_Oct28.png)
After failing to build a swing low at September's lows, the Russell 2000 went the other way..fast. The breakdown has moved out of the consolidation which has been in play since July, opening up for a retest of the June swing low at 1,086. Technicals are heavily oversold, so a reaction bounce, potentially from the open, would not be surprising.