Market pullbacks hit major indexes as S&P, Nasdaq, Dow and Russell test key support at 100-day averages and Bollinger Bands. Oversold signals emerge ahead of Nvidia earnings, while energy, dollar, and bonds trade around pivotal technical levels.

We’re having another volatile day in the gold and silver markets, although this time, after a sharp early morning sell-off, both gold and silver have rallied higher throughout the afternoon.

The short-term Elliott Wave outlook for the Russell 2000 Index (RTY) indicates that the decline from the October 25, 2025 peak is unfolding as a zigzag corrective structure.