Another warning, from the Russell 2000

[Mark Lytle]

To the two nodes overlapping on the $NDX at the end of December, we now add another 1.00 exponential node on the Russell 2000. So we now have a cluster of nodes on two indexes over a fairly tight time frame relative to the long time periods that spawned them. This is again suggesting trend change is in the cards in the not to distant future.

[Mark Lytle]

Ooops, a senior moment, that chart was the VXN rather than the VIX, but both have done this today....same story...

[Mark Lytle]

Another clue...

You see the that the VIX has popped below it's Bollinger Bands. Exhaustion gap for the VIX?

[Steven Vincent]

The RUT:Dow ratio has recovered but may be rolling over now:

IWM has broken its bear market downtrend but may retest that with a break out of an intermediate term rising wedge pattern.