Despite how much technical damage the small caps in the Russell 2000 Index have sustained, it still feels as though bears are swimming and fighting upstream to make any real progress in this market given how resilient dip-buyers have been.
One clue which may point to that circumstance changing is if we see the usual snapback rallies stuffed in the face of those bulls.
On the 10-minute small cap ETF chart, below, I am paying close attention to the highlighted consolidation to see if it is simply setting up another plunge lunge or instead is a base bottom of sorts.
Two short ideas if the weakness persists: PCLN WYNN.
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Looks like a bearish pattern for further weakness. A break below will get the selling really ramped up. Holding puts from yesterday.
Doesnt feel like BTD scenario Chess..We will have to wait and see..I am looking at 200 day to hold up
I would venture a uses that we see heavy selling into the close. Great chart. TY
Fucking latte snobs
Hahaha
Wow. You’ve one-upped the Cub-puccino pic. They said it couldn’t be done.