Note per my Twitter update how session lows to a greater extent than or less 10:15 AM CT inwards the ES contract were non confirmed yesteryear fresh lows either inwards the NASDAQ 100 or Russell 2000 Indexes. We equally good didn't encounter fresh lows inwards the Industrial, Consumer Staples, Consumer Discretionary, Health Care, or Financial ETFs.
When lows are then broadly non-confirmed, it's oft a sign that a relative handful of highly capitalized stocks are dragging the large cap index lower in addition to that the wide listing of stocks is non displaying commensurate weakness. By tracking a multifariousness of indexes in addition to sectors, nosotros tin endure prepared for probable reversals at those points, equally the marketplace is losing its selling impetus.
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