Flattening Out

To update our ongoing look at the zoomed-out, 30-minute small cap ETF chart for the month of July, you can see that price has largely been going sideways in recent days.

I view the $115.20 level, just above, as the next hurdle for buyers to clear to make progress.

Holding over $114 is also still the downside level of interest.

If the small caps can stabilize, it is tough for shorts to make much progress overall in the tape.

_____________________________________________________