Russel 2000 in trouble? According to this simple long term indicator it has been accurate for the past 20 years.
Great post ! It made me look at the SPX in the same time frame and it looks very bullish. For example the RSI 5 is very strong and the EMA's look like a Cialis commercial. Divergence it seems is here, thx
The indicator used is PMO.
I agree bigolded. The SPX and the DOW are still bullish according to this indicator but be cautious that they too will follow the rut.