US500
-0.27%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
US2000
-0.51%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
IWM
-0.47%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
IXIC
+0.14%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
Yesterday was a slam dunk day for the bears as whatever support, such as the retention of 4,325 in the S&P 500, was sliced apart. We are now looking at measured move targets for the Russell 2000 (IWM), S&P 500, and Nasdaq, and tests of their respective 200-day MAs.
The S&P 500 is on course to reach its measured move target, with a good chance for a follow-through to its 200-day MA. Technicals are net negative, but the index is still outperforming peer indexes.
SPX-Daily Chart
The Russell 2000 (IWM) will reach its measured move target having already pushed below its 200-day MA. Yesterday also marked confirmed distribution to go with an ugly technical picture. If we do see a bounce, I would expect it to stall out at its 200-day MA.
IWM-Daily Chart
The Nasdaq is furthest from its measured move target and its 200-day MA. If the S&P 500 tests its measured move target, with the Russell 2000 likely to have done so by the time you read this, then the Nasdaq should do likewise.
COMPQ-Daily Chart
On daily time frames (at least on a six-month lookback) there isn’t a whole lot of support for this decline to lean on, particularly for the Russell 2000. The S&P 500 and Nasdaq have their 200-day MAs, but should these fail, then we will need to look again at weekly charts for targets.
Source: Investing.com
![[Geojit Comtrade] Daily report on Natural Rubber: December 4, 2012](https://globalrubbermarkets.com/wp-content/uploads/2024/08/geojit-comtrade-daily-report-on-natural-rubber-december-4-2012.jpg)
