It’s been a long, long time coming but the Russell 2000 finally touched its 200MA. How long? Well not since the rally began in November 2012:
Many people had been hoping for a retrace to this level to buy this test. Are they now? Of course not, now they are scared. Although you couldn’t tell from the $VIX.
The game plan? From my perch this scenario still looks very viable.
Categories: Daily Market Brief