Looking out to the next few sessions, if the reversal today marks a relief rally which eventually fails it is worth keeping an eye on the real laggards today.
Dunkin’ is one such name, which I went short this morning. Note the lack of participation with rally intraday.
Overall, bulls defended those major lows on the Russell for now. But there is more work for the, to be done.
Also, the S&P 500 daily candle is worth discussing on my video market recap today.
See you there.
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Sell the rip.
That was a strong move off the lows what a rip in the RUT