RUT Russell 2000 Small Caps Daily Chart Enters -10% Correction Territory

The Russell 2000 small caps fall into correction mode down in excess of -10% off the June top. A -10% move is a correction and a -20% move is a bear market. The top was 1296 so 1166 is a -10% correction. The print at 1160 represents a -10.5% drop off the June top. The black circle shows that the death cross pattern should occur next month or perhaps as early as next week.

Note the flattening 150-day MA. This gauge can be used for all your stock plays. If the 150-day MA continues to flatten and roll over then it is curtains for the stock market. Market bulls need to push the 150-day MA higher as soon as possible or they will lose complete control of the stock market for months to come. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.