We all await the next move as today’s action seems to be playing in slow motion putting traders to sleep. The 20 day moving average is just beneath us in the Russell 2000, and seems a likely spot for us to bounce.
It’s either do or die at this point, and I’m siding with Do.
I would be putting money to work right here had I came into the day cash heavy. I like anything silver or gold, specifically $EXK and $RGLD.
Here’s a look at the 9 mo daily chart in the Russell 2k, a bounce is in order.
I’d much rather have a long steady or sharp drop… so my TZA could come back to life.
that may still happen.
I never did sell
Neither did I.