The small cap ETF continue to gravitate towards that mystical $115.50 level we have been tracking for a while. You can see how important it is on the zoomed-out 30-minute chart, below, with the light blue line.
The Russell 2000 was one of my keys to the week for Weekly Strategy Session and 12631 members from last weekend’s note. Until we see more clarity above the small caps’ next big move, I expect continued chop with fading the edges of a given range.
Elsewhere, I took some partial profits in my bond short instruments, but still have core short positions on.
Should we see a rally this afternoon, momentum traders should keep an eye on GRUB LOCO longs.
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Nice picture, looks like the river is Ganges river in Kasi.
Thanks, rekha. I believe it is.
It is actually one of the holiest places of Sikhism http://en.wikipedia.org/wiki/Harmandir_Sahib
Thanks for your posts, they are educational.
Thanks, Ami
Rekha,
No.
It’s the pond within the Golden Temple in Amritsar, Punjab, India.
And this guy is a Sikh Sadhu.
Thanks, wynn