Late Sell Offs Leave A Nasty Taste In The Mouth

Markets started brightly but that was it, heading into the final hour of trading it turned into a bit of a freefall. The Russell 2000 ($IWM) took the worst of the pain, leaving behind a very bearish looking inverse "hammer". There are prior 'sell' triggers in the MACD and On-Balance-Volume, along with an underperformance against the Nasdaq. It's hard to see things opening brightly tomorrow, but if bulls can make a stand into Friday's close it might alleviate some of the selling pressure building in this index.