Russell 2000 is hit the hardest in selloff
The indexes all closed lower on Friday, and the VIX is back over the 20 level for the first time this year.
The Russell 2000 was the hardest-hit of the indexes. It reached its low near the end of the day and finished down 1.4 percent to 813.33.
The Nasdaq 100 and S&P 500 hit their lows shortly after the open, retesting them late in the day, and climbed into the close. The NDX was down 0.65 percent on the session to 2547.32, and the SPX fell 0.69 percent to 1342.64.
The CBOE Volatility Index (VIX) was up 11.6 percent at the end of the day to 20.79. Interestingly, it hit an intraday high of 21.98 about 45 minutes before the close and then gapped lower.
Usually the VIX is relatively weak on Fridays as the weekend time decay is priced into the SPX options, so this suggests serious concern over the weekend.
Nasdaq 100 (NDX)
Support is at 2532.26, 2516.38, and 2504.16. Resistance is at 2555.36 and 2567.28.
S&P 500 (SPX)
Support is at 1335.59, 1333.47, and 1300.49. Resistance at 1354.32, 1356.48, and 1370.58.
Russell 2000 (RUT)
Support is at 810.19 and 800.22. Resistance is at 816,33, 821.10, and 833.02.
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