From a purely technical perspective, It will be interesting to see how the small caps in the Russell 2000 Index, seen on their ETF’s daily timeframe, below, close out today’s session.
Recall that earlier this year the small caps hammer’d out bottoms around 1,082 on the Russell cash.
Today, the small caps are attempting to do just that again slightly above that level.
The issue, if we do close that way, is whether the hammer proves true or instead serves as a trap this time.
Elsewhere today, TKMR may offer another leg higher yet. and silver is trying to show some type of signs of being alive.
What are you trading this morning?
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EXK for the win!
other ideas about russel/spy
courtesy @alaidi: http://t.co/6EWcsBgnL5
Hope your image choice isnt foreshadowing headline risk from Super Mario in the EU
True
short LNKD from 205.3, bot oct puts in XON..covering some more Z down here
Good man