Stocks Analysis by Declan Fallon covering: S&P 500, US Small Cap 2000, iShares Core S&P 500 ETF, SPDR® S&P 500. Read Declan Fallon's latest article on Investing.com
The relative performance of the index to theIWM Daily Chart
The S&P 500 was the index that had the cleanest buying opportunity, but this didn't last long. The test of support didn't evolve as one, with no attempt at a bounce. As with the Nasdaq, it's a long way down to 200-day MA support. The volume ranked as distribution, but the selling has been relatively tame.Going forward, it's time to let the decline play out to its fullest.
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