Small Caps Encroaching on Bear Territory

This week the S&P, IWM, and NYSE established new pivot lows.  IWM has now corrected ~18% closing in on the 20% bearish threshold.  

SPY Weekly

IWM

NYSE

NASDAQ Composite low from 4 weeks ago has held thus far but has broken below 15% again.  Time heals all markets, and with earnings season 4 weeks away the market may continue to drag until stock specific catalyst renew participation.

COMPQ