Stocks sold off across the board Tuesday, with the S&P 500, Dow and Russell 2000 all falling more than 1 percent. And according to one trader, the market could face increased selling pressure over the next few weeks.
"As we come out of earnings season right here, I think the market has lost a lot of upside momentum," technical analyst Todd Gordon said on CNBC's "Trading Nation" on Tuesday. "We're starting to see a pickup in volatility and I think we're in for a bit of a correction."
Specifically, Gordon saw signs of trouble in the chart of the Russell 2000, which has lead the other indexes year-to-date, up 2.6 percent while the Dow and S&P 500 are up 2 percent and 1 percent respectively.