Small-Caps Are Pointing the Way

As you know, at various times, different indices move in and out of leadership positions in terms of calling the turns for the overall market. It's often the S&P 500, and more often than not, it's  the e-mini futures, which call the turns by either creating a gap or filling one. 

On Tuesday, the S&P 500 played a key role in marking a top, as it stalled just two-and-a-half points from its all-time high of 1576.09. Since early February, I have been talking about that level as an upside target. Finally, earlier this week, that level was just about tagged -- the high of 1573.66 was just 2.43 points shy. And from there, we've now had a sharp selloff....599 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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