Time for the June low retest in the Indices
![Image](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmai1XHs4smN9BxDVnkD04a6_M92A63Lot59bas8ltJO4WM1eqw2dPLmO-bAGZfRxYpdDiQcsMT_8vYS8fk0QMqBD46FgXyioVxCspc-gUDzO26_OjOhjrddqb6v4orUBBVUpUYEt5Jei4kgj1ZdwvS70HbptYvfgiUy2u7zrM1N5-vlwjLw/s16000/IWM_Jun28.png)
Today's selling has started the retest of the June lows for the Nasdaq and Russell 2000 as the S&P gets rebuffed by its May low. One point of concern is that none of the indices were able to mark a new swing high. Nascent bullish technicals are also looking vulnerable to reversal. The index to watch is the Russell 2000. If there is to be a recovery then the Russell 2000 has to do the leg work. Key here is that the index retains its relative outperformance to the Nasdaq and S&P - even if it suffers selling, as is likely from here.