It was a bit of an off day. The gap down had all the makings of a substantial sell-off , but in the end, it was longs who came out on top.
It was interesting to see volume drop across the pattern, typical for a "bear flag", so I would not be surprised to see yesterday's gains reversed. Technicals are net positive, so there is work to do if this is a bearish scenario.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nasdaq, S&P 500, Russell 2000 Look to Escape Bear Flags TodayStocks Analysis by Declan Fallon covering: S&P 500, US Small Cap 2000, iShares Russell 2000 ETF, NASDAQ Composite. Read Declan Fallon's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »
S&P 500, Nasdaq Face Bear Flag Threat; Russell 2000 Needs 200 DMA Support to HoldStocks Analysis by Declan Fallon covering: S&P 500, US Small Cap 2000, iShares Russell 2000 ETF, NASDAQ Composite. Read Declan Fallon's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »
S&P 500 to Lead Nasdaq Higher Today; Russell 2000 Needs to Hold Above 200 DMAStocks Analysis by Declan Fallon covering: S&P 500, US Small Cap 2000, iShares Russell 2000 ETF, NASDAQ Composite. Read Declan Fallon's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »
S&P 500, Nasdaq on Bearish Reversal Watch; Russell 2000 Looks to Resume HigherStocks Analysis by Declan Fallon covering: S&P 500, US Small Cap 2000, iShares Russell 2000 ETF, NASDAQ Composite. Read Declan Fallon's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »
Nasdaq, S&P 500 Bulls Eye Key Resistance; Russell 2000 Remains Net BearishStocks Analysis by Declan Fallon covering: S&P 500, US Small Cap 2000, iShares Russell 2000 ETF, NASDAQ Composite. Read Declan Fallon's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »
S&P 500, Nasdaq Could Continue to Struggle as Russell 2000 Eyes Bullish ReversalStocks Analysis by Declan Fallon covering: S&P 500, US Small Cap 2000, iShares Russell 2000 ETF, NASDAQ Composite. Read Declan Fallon's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »