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S&P 500 Index

S&P500 and Russel 2000 : Mixed Signal

By spranav
Updated
Russell 2000 is showing a text book example of Up Trend followed by Sideways move and then down trend. It has broken the range and going down. But S&P500 is still sideways, not yet broken the sideway support. So two indices are not in sync. Let us wait to see if S&P breaks supports and follows the Russell 2000 or continues to go sideways?
Note
Looks like geo political situation in Ukraine can fulfill the technical analysis and bring S&P and Russell 2000 in sync to start a down trend.
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Today S&P closed below the sideway support (box), a confirmation would be test of 4277 area and then continue to go down.
Note
S&P500 has made series of Lower Lows and Lower Highs, more likely down trend will continue.
Note
More over both S&P500 and Russell 2000 are in agreement for down trend.
russell2000S&P 500 (SPX500)Trend Analysis
spranav

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