This leading indicator could be waving a yellow flag to the markets (via TradingNation)
"When the Russell 2000 rolled over and broke to a new lower low, that's when the whole market started to really fall out of bed, and we're seeing a similar situation right now," said Maley. "When the S&P went to make a new high [in July], the Russell failed to do so, and now it's rolling back over and it's testing its June lows."
"If it breaks below those June lows that will give it another key lower low," he added. "A key lower low on the Russell 2000 would not bode well for either the small caps overall or for the rest of the market over the intermediate term."Mark Tepper
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