Keystone was going to post a chart highlighting the Russell 2000 bouncing off its critical 200-day MA on Tuesday creating a key bottom for stocks, however, it was a good thing that was delayed since look at what happened today only two days later. RUT is back down for another test of the 200. The Russell 2000 flash crashed into the closing bell today and parked itself directly on the 200-day MA support at 1462. The RUT will bounce or die tomorrow from 1462-1463 and take the broad stock market with it. If the Russell fails at the 200, then price will then likely seek the 50-week MA support at 1445 where price would again bounce, or die.
Same story for the S&P 500. The SPX flash crashed to 2581 smack-dab on top of the 150-day MA at 2580 so price will either bounce or die from the 2580-2581 level tomorrow.
Watch these two key pivot points since they will tell the market story on Friday, 2/9/18. 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.
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