- First (on smaller time frame) broken. Now rejecting near smaller time frame trend start.
- Rejecting at trend start on larger time frame after losing trend Dec 2018
- Smaller time frame short possible!
- May precipitate bear market with declines up to 80%. 20-50% expected.
Russell 2000 is often a leading indicator for the larger market from my experience. Loot at /RTY and notice a failure to make new highs since the end of February. Now notice the trend break. Looks short!