NDX100 'confirms' the Small Caps 'hesitation': Outside Down Day
NDX100 Daily Chart @ Close 10/22/2013
An Outside Down day for the High Beta NDX100 would appear to be confirmation enough on the Small Caps 'Indecision' (see below)?
We think so; you?
And if so; then a pullback to its 50day SMA @ 3185 implies a 5% correction of its own.
Caveat Emptor now for the unsuspecting.