The Initial Shake

I am keying off the small caps again, today.

On the updated, zoomed-out look at the small cap ETF dating back to July, the issue is whether the recent falling channel breakout can now hold true for a higher low. A failure to hold is typically quiet bearish and leads to a waterfall lower as trapped buyers scramble for the exits, though that is a phenomenon we have rarely seen since 2013.

Should the bulls firmly hold $112 it should also stem the tide of selling for now and puts shorts in a spot of having to cover.

On the long side, a name like TWTR is moving nicely in its own world again.

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