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Wednesday, August 06, 2014

Russell 2000 Resistance Support Charts with Correction Statistics

The current correction for the Russell 2000 shows the peak decline from its recent all-time record high, so far, was 10.8%.  Currently the Russell 2000 is  7.6% below the all-time record high.


Intraday "Correction" Statistics for Russell 2000 as of 08/06/14
More Russell 2000 charts and Quote
Last Market High 07/01/14 at 1,213.55
Last Market low 08/01/14 at 1,082.53
Current R2000 Price 1,121.56
Decline in Points = 91.99
Decline in percent = 7.6%
Max Decline = 10.8%
=>This means the decline from intraday high to intraday low is 10.8% and we are currently 0.075802398 7.6% off the peak.


From ChartoftheDay.com
For some perspective on the current state of the stock market, today's chart presents the long-term trend of the Russell 2000 (small-cap stocks). As the chart illustrates, the Russell 2000 rallied from late 2002 into the mid-2007 and then effectively gave all of that back during the financial crisis. Since the financial crisis, the Russell 2000 has been rallying sharply to the upside (with the exception of a brief "fiscal cliff" induced selloff in November 2012). Since early March 2014, however, the Russell 2000 has moved significantly to the downside and is now testing support of its upward sloping, post-financial crisis trend channel.

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