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Big (small) cap pain

Russell hitting huge levels

Russell hitting the 21 day moving average and the trend line that has been in place since October lows. RSI has gone from extremely overbought to the least overbought since mid November.

Source: Refinitiv

Small cap fear

Source: Refinitiv

Recall Russell mania?

Source: GS

Fading RSI

Source: Refinitiv

One way

Source: GS

VVIX chilling

Source: Refinitiv

The VIX short

Source: Nomura

The dormant bid

Source: GS

Oil - positive divergence

Source: Refinitiv

Will they?

Source: GS